Geo-Jade Petroleum(SH:600759) Jin Rong Jie·2026-01-22 02:00Group 1 - The oil and gas sector is experiencing a rapid increase, with the oil and gas extraction and service sector rising over 5.6% [1] - Key stocks such as Qianeng Hengxin and Keli Co. have surged over 10%, while companies like Zhongjie Oil and PetroChina Oilfield Services have reached their daily limit [1][2] - The core logic driving market speculation is the continuous improvement in the oil and gas industry's prosperity, benefiting from increased capital expenditure by domestic and international oil and gas companies [2][3] Group 2 - As of January 22, Brent crude oil prices rose to $64.92 per barrel, a 5.85% increase from the beginning of the month [3] - European natural gas prices have reached €40 per megawatt-hour for the first time since June, driven by concerns over extreme cold weather [3] - Domestic energy demand has surged due to severe cold weather, with major energy companies reporting record daily gas supply levels [3] Group 3 - International oil companies are maintaining a steady growth in capital expenditure for oil and gas exploration and extraction, with Chevron planning to allocate $18 billion to $19 billion for 2026, a 22% increase from 2025 [4] - Phillips 66 has raised its capital budget for 2026 to $2.4 billion [4] - Industry research indicates that while oil giants may shift from aggressive investment to a more balanced approach, exploration activities are expected to remain stable [5] Group 4 - Oil and gas exploration services are set to benefit directly from increased exploration and development investments by oil companies, leading to sustained growth in order volumes [6] - The oil and gas equipment manufacturing sector will see a significant increase in order delivery as domestic and international oil projects ramp up [6] - Oilfield technical services, including logging and fracturing, are crucial for oil and gas development, with rising demand for specialized services as unconventional oil and gas extraction expands [6]