Zhi Tong Cai Jing·2025-08-26 08:50Core Insights - CNOOC Oilfield Services (02883) reported a revenue of RMB 23.32 billion for the six months ending June 30, 2025, representing a year-on-year increase of 3.51% [1] - The profit attributable to shareholders was RMB 1.964 billion, an increase of 23.33% compared to the previous year [1] - Basic earnings per share were RMB 0.4116 [1] Industry Overview - The global economic policy uncertainty has increased in the first half of 2025, leading to a complex and volatile market environment for the oil and gas industry [1] - International oil prices exhibited characteristics of "wide fluctuations and a downward shift in the central tendency" during the first half of the year [1] - Upstream exploration and development investment demand is primarily concentrated in emerging economies and deepwater oil and gas development [1] Company Strategy - The company is transitioning from being a participant focused on increasing reserves and production to a creator of functional value [1] - It has fully integrated lean principles to maximize resource potential [1] - The company remains customer-centric, keenly capturing changes in market demand, and continuously promotes the upgrade of technical services towards higher quality and diversification [1] - The company aims to deeply explore value growth points [1] Business Performance - The drilling services segment generated revenue of RMB 7.231 billion in the first half of the year, an increase of RMB 0.823 billion from RMB 6.408 billion in the same period last year, reflecting a growth rate of 12.8% [1]