Ge Long Hui·2025-08-28 02:16Group 1 - The core viewpoint of the article highlights the significant rise in Hong Kong oil stocks, particularly China National Offshore Oil Corporation (CNOOC), which saw an increase of over 3% following its earnings report [1] - CNOOC reported a revenue of 171.7 billion yuan and a net profit attributable to shareholders of 69.5 billion yuan for the first half of 2025, achieving a record high net production of 384.6 million barrels of oil equivalent [1] - The article notes that the three major state-owned oil and gas companies in China, referred to as the "Big Three," experienced declines in both revenue and net profit in the first half of the year due to falling international oil prices, with a combined net profit of 175.023 billion yuan [1] Group 2 - The executive director and president of China National Petroleum Corporation (CNPC), Huang Yongzhang, indicated that the current geopolitical tensions and the potential for the Federal Reserve to initiate interest rate cuts next month could support international oil prices [1] - CNPC forecasts that international oil prices will fluctuate around $70 per barrel in the third quarter, while the market may have already priced in the potential production increase from OPEC+ [1] - The article provides stock performance data for several companies, including CNOOC, CNOOC Oilfield Services, Kunlun Energy, and China Petroleum & Chemical Corporation, with respective price changes noted [1]