▲ 2 0 2 5中国能源企业5 0 0强发展报告发布现场 2024年，全球能源市场呈现供需宽松态势，原油、动力煤价格随市场供给过剩同步下滑，传统能源价格中枢持续下移。国内层面，鼓 励民间投资政策密集落地，能源领域市场准入进一步放宽，核电、储能、油气支线等重点领域对民企开放力度显著加大，市场活力持续 释放。新能源产业面临结构性分化，部分领域前期盲目扩张导致产能过剩，低价恶性竞争问题日益凸显。电力行业凭借需求端稳步增长 与供给侧结构优化形成共振，实现稳健发展。传统能源领域"增储上产"成效显著，能源安全保障能力持续提升，但受绿色转型加速和市 场需求结构变化影响，转型压力进一步增大。 中国能源企业500强（以下简称" 500强"）作为能源产业核心力量，是保障安全、推动转型、拉动增长的中坚力量。本报告基于2024年 中国能源企业营业收入等数据，聚焦其规模实力、资本格局、行业发展、区域分布等角度，为产业高质量发展提供参考。 一 、" 50 0强"营收增速放缓 营业收入总额小幅增长。" 500强"实现营收总额33.43万亿元，较上年增长0.01万亿元，同比小幅增长0.04%，增幅再次下降（如图1所 示）。 2024年，国 ...

Group 1 - The core viewpoint of the news is the performance and growth of the Petrochemical ETF, which has shown significant increases in both net inflow and value over recent periods [1][2] - As of December 4, 2025, the Petrochemical ETF has achieved a net inflow of 25.50 million yuan over the past nine days, with a maximum single-day inflow of 11.49 million yuan [1] - The Petrochemical ETF's net asset value has increased by 28.30% over the past two years, with a highest monthly return of 15.86% since its inception [1] Group 2 - The top ten weighted stocks in the Petrochemical Industry Index account for 56.67% of the index, with major companies including Wanhua Chemical, China Petroleum, and Yalku [2] - The Petrochemical ETF has reached a new high in both scale and share, with a total scale of 202 million yuan and 242 million shares as of the latest report [1]

Core Insights - The National Petroleum and Natural Gas Index (399439) has seen an increase of 0.78% as of December 4, 2025, with significant gains in constituent stocks such as Dazhong Public Utilities (600635) up 5.22% and Hengtong Co., Ltd. (603223) up 4.47% [1] Group 1: Market Performance - The oil and gas ETF (159697) rose by 0.86%, with the latest price reported at 1.17 yuan [1] - The index reflects the price changes of publicly listed companies related to the oil and gas industry in the Shanghai and Shenzhen stock exchanges [1] Group 2: Supply and Demand Analysis - According to Tianfeng Securities, if OPEC resumes production increases in Q2 2026, the global supply increment is expected to be 1.93 million barrels per day, which is an increase of 930,000 barrels per day compared to the surplus in 2025 [1] - If OPEC does not resume production throughout 2026, the expected global supply increment would be 1.65 million barrels per day, an increase of 650,000 barrels per day compared to the surplus in 2025 [1] Group 3: Key Constituents - As of November 28, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index include China National Petroleum (601857), Sinopec (600028), and China National Offshore Oil (600938), collectively accounting for 65.78% of the index [2]

China National Offshore Oil Corporation (CNOOC) has begun production at the Weizhou 11-4 oilfield adjustment and satellite fields project in the Beibu Gulf Basin, South China Sea. Located in an average water depth of around 43m, the Weizhou 11-4 project leverages adjacent existing facilities. It also features a newly built unmanned wellhead platform and a central processing platform, connected to an existing platform by a trestle bridge. CNOOC plans to commission 35 development wells, comprising 28 prod ...

证券日报网讯 12月3日，中国海油在互动平台回答投资者提问时表示，截至2025年第三季度报告期末， 本公司普通股股东总数为216486户，其中A股214763户。 （文章来源：证券日报） ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has commenced production at the Weizhou 11-4 oilfield adjustment and surrounding area development project, enhancing its operational capacity in the northern Gulf of South China Sea [1] Group 1: Project Overview - The Weizhou 11-4 project is located in the northern Gulf of South China Sea with an average water depth of approximately 43 meters [1] - The project involves the construction of one unmanned wellhead platform and one central processing platform, connected to existing facilities via a bridge [1] - A total of 35 wells are planned for development, including 28 production wells and 7 water injection wells [1] Group 2: Production Expectations - The project is expected to reach a peak production of approximately 16,900 barrels of oil equivalent per day by 2026, with the oil type being light crude [1] - The development employs a collaborative model of "three offshore processing centers + one onshore terminal," aimed at creating a transportation hub to support regional capacity release and energy supply [1] Group 3: Company Ownership and Operations - CNOOC holds 100% ownership of the project and acts as the operator [1]

Core Viewpoint - The oil and gas extraction sector experienced a 0.73% increase on December 2, with Intercontinental Oil leading the gains, while the Shanghai Composite Index fell by 0.42% and the Shenzhen Component Index decreased by 0.68% [1] Group 1: Market Performance - The closing price of Intercontinental Oil was 2.76, reflecting a 1.47% increase, with a trading volume of 2.3728 million shares and a transaction value of 649 million yuan [1] - China National Offshore Oil Corporation (CNOOC) closed at 28.76, up by 0.98%, with a trading volume of 295,900 shares and a transaction value of 851 million yuan [1] - Blue Flame Holdings remained unchanged at 6.95, with a trading volume of 79,900 shares and a transaction value of 55.2764 million yuan [1] - ST Xinchao closed at 3.89, down by 0.26%, with a trading volume of 77,600 shares and a transaction value of 30.2054 million yuan [1] Group 2: Capital Flow - The oil and gas extraction sector saw a net inflow of 12.7885 million yuan from main funds, while retail investors experienced a net outflow of 26.7944 million yuan [1] - Intercontinental Oil had a net inflow of 20.6339 million yuan from main funds, but a net outflow of 12.0512 million yuan from retail investors [2] - CNOOC experienced a net outflow of 471,800 yuan from main funds, with a net inflow of 18.5347 million yuan from speculative funds [2] - Blue Flame Holdings had a net outflow of 3.4649 million yuan from main funds, with a net inflow of 154,580 yuan from speculative funds [2] - ST Xinchao faced a net outflow of 3.9087 million yuan from main funds, while speculative funds saw a net inflow of 250,810 yuan [2]

消息面上，为应对全球石油供应过剩和油价下跌的压力，8个OPEC+国家发布声明称，维持11月初制定 的产量计划，并在2026年第一季度暂停增产。同时，OPEC+国家就评估成员国各自最大石油产能的机 制达成一致。受上述消息影响，国际油价周一亚盘一度上涨1.5%。 智通财经获悉，石油股早盘走高，截至发稿，中海油(00883)涨2.61%，报22港元；中石油(00857)涨 1.82%，报8.94港元；中石化(00386)涨1.8%，报4.53港元。 光大证券此前认为，在国企改革深化、油价维持高位的背景下，"三桶油"有望持续兑现业绩和高分红， 开启新一轮股价上行空间。平安证券指出，国内油企通过上下游一体化布局降低了业绩对油价的敏感 性，建议关注增储上产目标明确、海外开拓潜力大的头部油企。 本文源自：智通财经网 ...

智通财经APP获悉，石油股早盘走高，截至发稿，中海油(00883)涨2.61%，报22港元；中石油(00857)涨 1.82%，报8.94港元；中石化(00386)涨1.8%，报4.53港元。 消息面上，为应对全球石油供应过剩和油价下跌的压力，8个OPEC+国家发布声明称，维持11月初制定 的产量计划，并在2026年第一季度暂停增产。同时，OPEC+国家就评估成员国各自最大石油产能的机 制达成一致。受上述消息影响，国际油价周一亚盘一度上涨1.5%。 光大证券此前认为，在国企改革深化、油价维持高位的背景下，"三桶油"有望持续兑现业绩和高分红， 开启新一轮股价上行空间。平安证券指出，国内油企通过上下游一体化布局降低了业绩对油价的敏感 性，建议关注增储上产目标明确、海外开拓潜力大的头部油企。 ...

每经AI快讯，12月2日，港股三桶油集体拉升上涨，其中，中国海洋石油涨超2%，中国石油股份涨近 2%，中国石油化工涨超1%。 ...