Ge Long Hui·2025-08-28 02:49Core Viewpoint - UBS reports that CNOOC's oilfield services achieved a net profit of 1.964 billion yuan, an increase of 23% year-on-year, with revenue of 23.3 billion yuan, up 3.5% year-on-year, meeting expectations [1] Group 1: Financial Performance - CNOOC's net profit for the first half of the year is 1.964 billion yuan, reflecting a year-on-year growth of 23% [1] - The company's revenue stands at 23.3 billion yuan, showing a year-on-year increase of 3.5% [1] Group 2: Business Outlook - Domestic operations are expected to remain stable [1] - Contracts for overseas drilling platforms are secured until 2027 to 2030, indicating potential strength in overseas daily rental rates [1] Group 3: Strategic Initiatives - The company is designing fully domestically produced drilling platforms and is pursuing low-cost strategies to adapt to a low oil price environment [1] - UBS has slightly raised the earnings forecast for 2025 to 2027 by 1-2% and increased the target price from 9.8 HKD to 10.8 HKD, maintaining a "Buy" rating [1]