华安证券给予中国海油“买入”评级，25Q3业绩符合预期，巩固成本竞争力

Group 1 - The core viewpoint of the report is that Huazhong Securities has given China National Offshore Oil Corporation (CNOOC) a "buy" rating due to its steady growth in oil and gas net production and strengthened cost competitiveness [1] - CNOOC is actively advancing new project launches, which will contribute to continuous reserve increases and production growth [1] Group 2 - The report highlights the risk factors, including the potential for new project progress to fall short of expectations, changes in industry policies, and significant fluctuations in crude oil and natural gas prices [1]