光大证券研究·2026-02-08 23:02Core Viewpoint - The "Three Barrel Oil" groups emphasize energy security and transformation for the upcoming years, aiming to enhance their core oil and gas operations while striving to become world-class energy resource groups [4][5][6][7]. Group Summaries China National Petroleum Corporation (CNPC) - CNPC aims to achieve high-quality development by 2030, focusing on value creation and modern governance while advancing state-owned enterprise reforms [5]. - The company emphasizes its strategic mission of "building value projects for a better future" and plans to implement five major strategies to enhance core competitiveness [5]. China Petroleum & Chemical Corporation (Sinopec) - Sinopec's "second entrepreneurship" is a strategic choice to address new challenges, focusing on high-quality development as the central task during the 14th Five-Year Plan [6]. - The company aims to establish a new industrial pattern characterized by "one foundation, two wings, three chains, and four innovations" [6]. China National Offshore Oil Corporation (CNOOC) - CNOOC plans to strengthen its core oil and gas operations, enhance exploration breakthroughs, and accelerate overseas production [8]. - The company is also focusing on refining, chemical, and new materials industries while strategically developing "electricity, hydrogen, and carbon" businesses [8]. - CNOOC aims to improve its technological innovation capabilities and digital intelligence levels [8].