西南证券给予中国石油“买入”评级，2025年三季报点评：油气产量稳步增长，2025Q3业绩环比提升

Group 1 - The core viewpoint of the report is that Southwest Securities has given China Petroleum (601857.SH, latest price: 9.88 yuan) a "buy" rating based on several factors [1] - The company has a leading position in oil and gas reserves due to its upstream and downstream collaborative layout [1] - Despite pressure on crude oil prices, the growth rate of natural gas sales remains stable [1] - The new materials business is expanding, contributing to steady growth in natural gas sales [1]