智通财经网·2025-12-30 02:53Group 1 - Oil stocks experienced an upward trend, with CNOOC rising by 3.68% to HKD 21.4, PetroChina increasing by 2.91% to HKD 8.5, and Sinopec up by 1.31% to HKD 4.65 [1] - International crude oil futures settled over 2% higher, with WTI crude oil February contract up by 2.36% and Brent crude oil February contract up by 2.14% [1] - The "Big Three" oil companies (CNOOC, PetroChina, Sinopec) managed to achieve stable performance and cash flow despite challenges such as fluctuating oil prices and narrowing refining margins [1] Group 2 - The negative impact of declining oil prices is expected to gradually diminish in the second half of 2025, with the investment value of the "Big Three" being recognized by the market during the downturn [1] - Looking ahead to 2026, the "Big Three" are anticipated to maintain high capital expenditures, enhance natural gas market development, and accelerate the transformation of downstream refining businesses, aiming for long-term growth through oil price cycles [1]