Zhi Tong Cai Jing·2025-10-31 03:55Core Viewpoint - CNOOC (China National Offshore Oil Corporation) has demonstrated strong production growth in Q3 2025, despite oil price fluctuations, and its profitability and cash flow generation capabilities are more resilient than market expectations, supporting an 8% dividend yield [1] Group 1 - CNOOC's Q3 2025 performance shows steady year-on-year production growth [1] - The company's earnings and cash flow generation are more robust than market forecasts [1] - The current dividend yield stands at 8% [1] Group 2 - Credit Suisse has raised the target price for CNOOC's H-shares from HKD 22.4 to HKD 23 [1] - The target price for CNOOC's A-shares remains at RMB 31.4 [1] - The firm maintains an "Overweight" rating for both CNOOC's H-shares and A-shares [1]