Core Points - Zhou Xinhui has resigned from his positions as Executive Director, Vice Chairman, and CEO of China National Offshore Oil Corporation (CNOOC), effective October 20, 2025 [1] - Following his resignation, he will also no longer serve as a member of the company's Strategy and Sustainable Development Committee [1]

格隆汇10月20日丨中国海洋石油(00883.HK)宣布，将于2025年10月30日(星期四)召开董事会会议，藉以 (其中包括)审议及批准公司及其附属公司截至2025年9月30日止九个月的业绩。 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhui from his positions as Executive Director, Vice Chairman, and Chief Executive Officer, effective October 20, 2025 [1] Summary by Categories Company Leadership Changes - Mr. Zhou Xinhui will also cease to be a member of the company's Strategy and Sustainable Development Committee from the same effective date [1]

（根據公司條例在香港註冊成立的有限責任公司） 股票代號：00883（港幣櫃台）及 80883（人民幣櫃台） 董事會會議召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年十月二十日 於本公告刊發日期， 董事會由以下成員組成： 張傳江 非執行董事 （董事長） 王德華 中國海洋石油有限公司（「本公司」）董事會（「董事會」）宣佈將於二零二五年十月三十日（星 期四）召開董事會會議，藉以（其中包括）審議及批准本公司及其附屬公司截至二零二五年九月 三十日止九個月的業績。 承董事會命 中國海洋石油有限公司 徐玉高 聯席公司秘書 閻洪濤 穆秀平 執行董事 獨立非執行董事 邱致中 林伯強 李淑賢 陳澤銘 ...

Group 1 - The core point of the article is the resignation of Zhou Xinhui from his positions as Executive Director, Vice Chairman, and CEO of China National Offshore Oil Corporation (CNOOC), effective October 20, 2025 [1] Group 2 - Zhou Xinhui will also cease to be a member of the company's Strategy and Sustainable Development Committee from the same date [1]

董事名單與其角色和職能 中國海洋石油有限公司董事會（「董事會」）成員及其各自於董事會及董事會下屬委 員會的角色及職能載列如下，自二零二五年十月二十日起生效： | 董事會下屬 | 審核委員會 | 提名委員會 | 薪酬委員會 | 戰略與可持續 | | --- | --- | --- | --- | --- | | 委員會 | | | | 發展委員會 | | 董事 | | | | | | 執行董事 | | | | | | 閻洪濤(總裁) | - | - | - | M | | 穆秀平(首席財務官) | - | - | - | - | | 非執行董事 | | | | | | 張傳江(董事長) | - | C | - | C | | 王德華 | M | - | M | - | | 獨立非執行董事 | | | | | | 邱致中 | - | - | C | M | | 林伯強 | - | M | - | M | | 李淑賢 | C | M | - | - | | 陳澤銘 | M | - | M | - | - 1 - 附註： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 股票代號：00883（港幣櫃台）及80883（人民幣櫃台） 執行董事、副董事長及首席執行官辭任 中國海洋石油有限公司（「本公司」）董事會（「董事會」）謹此宣佈，周心懷先生 （「周先生」）因任職變化辭任本公司執行董事、副董事長及首席執行官，自二零二五年 十月二十日生效。因此，彼於同日起亦將不再擔任本公司戰略與可持續發展委員會成員。 周先生已確認彼與董事會並無任何意見分歧，亦無任何與其辭任有關的事項須提請本公 司股東、香港聯合交易所有限公司及上海證券交易所注意。 （根據公司條例在香港註冊成立的有限責任公司） 董事會僅藉此機會對周先生爲本公司及海洋石油事業所作出的貢獻表示衷心的感謝。 承董事會命 中國海洋石油有限公司 徐玉高 聯席公司秘書 執行董事 獨立非執行董事 閻洪濤 邱致中 穆秀平 林伯強 李淑賢 陳澤銘 於本公告刊發日期， 非執行董事 董事會由以下成員組成： 張傳江 （董事長） 王德華 香港，二零二五 ...

Group 1 - The oil and gas extraction sector increased by 1.54% compared to the previous trading day, with Blue Flame Holdings leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] - The trading volume and turnover for key stocks in the oil and gas extraction sector were significant, with Blue Flame Holdings closing at 7.64, up 5.82% [1] Group 2 - The net inflow of main funds in the oil and gas extraction sector was 150 million yuan, while retail investors experienced a net outflow of 126 million yuan [1] - The detailed fund flow for individual stocks showed that China National Offshore Oil Corporation had a main fund net inflow of 59.64 million yuan, while Blue Flame Holdings had a net inflow of 54.94 million yuan [2] - The overall trend indicated that while main funds were entering the sector, retail investors were withdrawing, particularly from stocks like Blue Flame Holdings and Intercontinental Oil and Gas [2]

Investment Rating - The report maintains a positive outlook on the petrochemical industry, highlighting potential recovery in polyester profitability and favorable conditions for leading refining companies [15]. Core Views - IEA has raised its crude oil production forecast, while OPEC's production has significantly increased, indicating a continued oversupply in the market despite low demand [3][12]. - The upstream sector is experiencing a decline in oil prices, but day rates for self-elevating drilling rigs are on the rise, suggesting a potential for increased profitability in oil services [18]. - The refining sector is facing mixed results, with overseas refined oil crack spreads declining, while olefin price spreads show variability [49]. Summary by Sections Upstream Sector - Brent crude oil prices fell to $61.29 per barrel, a decrease of 2.30% week-on-week, while WTI prices also saw a similar decline [18]. - As of October 10, U.S. commercial crude oil inventories increased by 3.524 million barrels, indicating a growing supply [20]. - The number of U.S. drilling rigs remained stable at 548, with a slight increase of 1 rig from the previous week [31]. Refining Sector - The Singapore refining margin for major products decreased to $19.58 per barrel, down by $0.47 from the previous week [51]. - The U.S. gasoline RBOB-WTI spread increased to $17.19 per barrel, reflecting a slight upward trend despite historical averages being higher [56]. Investment Recommendations - The report suggests focusing on leading polyester companies such as Tongkun Co. and Wankai New Materials due to expected recovery in profitability [15]. - It also recommends high-quality refining companies like Hengli Petrochemical and Sinopec, anticipating improved competitive dynamics in the refining sector [15]. - For upstream exploration and development, companies like CNOOC and China National Petroleum are highlighted for their resilience against declining oil prices [15].

Core Insights - The Wuxi Market Supervision Administration conducted a quality inspection of automotive gasoline products in 2025, revealing a non-compliance rate of 1.67% from a total of 60 batches tested, with only 1 batch found to be substandard [2]. Summary by Categories Quality Inspection Results - A total of 60 batches of automotive gasoline were sampled in Wuxi, with 1 batch failing to meet quality standards, resulting in a non-compliance rate of 1.67% [2]. - The inspection covered various gasoline types, including 92, 95, and 98 octane ratings, with the majority passing the quality tests [4][5]. Consumer Guidance - Consumers are advised to choose large, reputable gas stations with strong quality control measures, such as Sinopec and PetroChina, to ensure stable fuel quality [2]. - It is recommended that consumers verify that the gasoline meets the latest national standards, specifically the 92, 95, and 98 octane ratings [3]. - Attention should be paid to the accuracy of the fuel pump and the displayed prices at gas stations [3]. - Consumers are encouraged to compare prices among different gas stations, especially when there are significant price fluctuations [3].