以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 专利摘要：一种页岩注气驱油效率评价方法及注气实验装置。主要解决现有的驱油效率评价方法无法评 价岩心不同孔隙区间内的驱油效率的问题。包括以下步骤：S1、计算饱和水岩心核磁共振T2值与孔喉 半径转换系数C；S2、测试饱和页岩油岩心的核磁共振T2谱；S3、利用注气实验装置对饱和页岩油的岩 心进行注气吞吐实验，每次注气吞吐后测试岩心的核磁共振T2谱；S4、利用步骤S1中得到的转换系数C 将饱和页岩油岩心的核磁共振T2值转换为孔喉半径，根据页岩岩心的核磁共振T2谱信号幅度，计算岩 心不同孔隙区间的注气吞吐驱油效率。该评价方法可以评价不同吞吐轮次岩心驱油效率及岩心不同孔隙 区间驱油效率，同时可以开展高温高压注气吞吐实验。 通过天眼查大数据分析，中国石油天然气股份有限公司共对外投资了1284家企业，参与招投标项目496 次；财产线索方面有商标信息107条，专利信息30487条；此外企业还拥有行政许可169个。 证券之星消息，根据天眼查APP数据显示中国石油（601857）新获得一项发明专利授权，专利 ...

NYMEX 8月汽油期货收报2.1534美元/加仑，NYMEX 8月取暖油期货收报2.4530美元/加仑。 本周，ICE英国天然气期货累跌5.68%，TTF基准荷兰天然气期货累跌5.47%，ICE欧盟碳排放交易许可 （期货价格）累涨0.63%。 WTI 8月原油期货收报67.34美元/桶。 中东Abu Dhabi Murban原油期货目前涨0.37%，北京时间02:33暂报70.97美元/桶，本周迄今累跌0.81%， 至周五美股开盘之前一度呈现出V形反转。 NYMEX 8月天然气期货收报3.5650美元/百万英热单位。 ...

贝克休斯：美国天然气钻井数量达到2024年3月以来的最高水平，创下2023年7月以来最大周增幅。 天然气期货 ...

美国7月18日当周天然气钻井数 117，前值 108。 ...

美国至7月18日当周天然气钻井总数 117口，前值108口。 ...

Financial Data and Key Metrics Changes - The second quarter earnings per share, excluding charges and credits, was $0.74, representing a sequential increase of $0.02 and a year-over-year decrease of $0.11 [22] - Second quarter revenue was $8.5 billion, a 1% sequential increase driven by 2% growth in international markets [22][23] - Adjusted EBITDA margin for the second quarter was 24%, reflecting a sequential increase of 21 basis points [23] Business Line Data and Key Metrics Changes - Production Systems revenue increased by 3% sequentially to $3 billion, driven by strong sales in artificial lift and midstream production systems [25] - Digital and Integration revenue decreased by 1% sequentially to $1 billion, with margins expanding to 32.8% due to greater digital adoption [24][25] - Reservoir Performance revenue declined by 1% sequentially to $1.7 billion, while Well Construction revenue was essentially flat at $3 billion [25] Market Data and Key Metrics Changes - In international markets, revenue grew by 2%, with strong growth in Iraq, UAE, Kuwait, East Asia, China, and Australia [7][8] - North America experienced a revenue decline, primarily due to seasonal factors and a non-repeat of exploration data sales [9][10] - The offshore market saw certain projects delayed, particularly in Sub-Saharan Africa, but maintained a steady backlog [10] Company Strategy and Development Direction - The acquisition of ChampionX is expected to enhance the company's portfolio and capabilities, particularly in production chemicals and natural gas [5][16] - The company aims to integrate ChampionX's strengths to drive innovation and customer value creation across its service offerings [19][30] - The focus is on less cyclical, OpEx-driven market opportunities that are less sensitive to short-term commodity cycles [15][51] Management's Comments on Operating Environment and Future Outlook - The macro environment remains uncertain, particularly with OPEC+ supply releases, but the company anticipates resilience in the market outlook [14][60] - The company expects second half revenue to be between $18.2 billion and $18.8 billion, driven by the contribution from ChampionX and steady revenue in legacy businesses [20][34] - Management expressed confidence in the long-term growth potential of the offshore market and the resilience of international markets [46][62] Other Important Information - The company generated $1.1 billion in cash flow from operations and $622 million in free cash flow during the quarter, reflecting a significant increase compared to the previous quarter [26] - Capital investments for the full year are expected to be approximately $2.4 billion, influenced by the ChampionX acquisition [27] Q&A Session All Questions and Answers Question: Can you provide more detail on the guidance for the second half? - Management indicated that the guidance reflects potential growth in the second half, driven by the combination of Production Systems and ChampionX, offsetting headwinds in selective markets [39][40] Question: Are there concerns about near-term activity in deepwater projects? - Management acknowledged some projects have been delayed but remains optimistic about the pipeline of advantageous projects in the Americas and other regions [45][46] Question: What is the growth outlook for the production business? - Management highlighted three elements driving growth: customer focus on production recovery, the unique combination of offerings from ChampionX, and the integration of digital capabilities [50][51] Question: How do you view capital intensity and free cash flow metrics going forward? - Management anticipates maintaining low capital intensity and aims for a free cash flow margin above 10% of revenue, with positive contributions from ChampionX [54] Question: What insights can you provide regarding the political landscape in Mexico? - Management noted ongoing restructuring efforts in Mexico and expressed readiness to respond to future opportunities, particularly in gas development [88][89]

Financial Data and Key Metrics Changes - The second quarter earnings per share, excluding charges and credits, was $0.74, representing a sequential increase of $0.02 and a decrease of $0.11 compared to the same quarter last year [21] - The second quarter revenue was $8.5 billion, a 1% sequential increase driven by 2% growth in international markets [22] - Adjusted EBITDA margin for the second quarter was 24%, reflecting a sequential increase of 21 basis points [22] Business Line Data and Key Metrics Changes - Production Systems revenue increased by 3% sequentially to $3 billion, driven by strong sales in artificial lift and midstream production systems [24] - Digital and Integration revenue decreased by 1% sequentially to $1 billion, with margins expanding by 240 basis points to 32.8% [22][23] - Reservoir Performance revenue declined by 1% sequentially to $1.7 billion, while Well Construction revenue was essentially flat at $3 billion [24] Market Data and Key Metrics Changes - In international markets, revenue grew by 2%, with strong growth in Iraq, UAE, Kuwait, East Asia, China, and Australia [7] - North America saw a revenue decline, primarily due to seasonal spring breakup in Canada and a non-repeat of exploration data sales in U.S. offshore [8] - The macro environment remains uncertain, particularly with OPEC plus supply releases impacting market dynamics [12][13] Company Strategy and Development Direction - The acquisition of ChampionX is expected to enhance the company's portfolio, providing capabilities in producing chemicals and naturalist, which are critical for long-term asset performance [15][16] - The company aims to integrate ChampionX's capabilities to deliver a fully integrated service offering from reservoir to surface facility [18] - The focus is on creating a less cyclical and growing market opportunity that is more OpEx driven and less sensitive to short-term commodity cycles [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the offshore market despite current project delays, citing a steady backlog in OneSubsea [9] - The company anticipates second half revenue to be between $18.2 billion and $18.8 billion, driven by the contribution of ChampionX and steady revenue in legacy business [19][33] - Management noted that while the macro environment is uncertain, there is resilience in the Middle East and Asia markets, driven by lower breakeven costs and a focus on energy security [13][57] Other Important Information - The company generated $1.1 billion of cash flow from operations and free cash flow of $622 million during the quarter, representing a significant increase compared to the previous quarter [25] - Capital investments for the full year are expected to be approximately $2.4 billion, reflecting the impact of the ChampionX acquisition [26] - The company plans to start reporting digital business results as a separate segment beginning in the third quarter [23] Q&A Session Summary Question: Insights on customer behavior and spending trends - Management indicated that major adjustments in international markets are largely behind them, with customers prepared to adjust spending rates due to uncertainty and declining commodity prices [39] Question: Concerns about deepwater activity - Management acknowledged some near-term activity slowing but expressed optimism about a robust pipeline of advantageous projects in the Americas and other regions [44] Question: Growth outlook for the production business - Management highlighted that the focus is on extracting more value from the production recovery phase, with expectations for long-term resilience and growth in the production market [49] Question: Expectations for synergies with ChampionX - Management expects to achieve $400 million in annual pre-tax synergies within the first three years post-acquisition, with a significant portion coming from cost synergies [29][80] Question: Insights on Mexico's gas supply growth - Management noted the need for Pemex to address restructuring issues and expressed readiness to respond to gas development opportunities in Mexico [87]

原油周报 伊拉克供应扰动令油价周末前略微走强 姓名：肖彧 投资咨询证号： Z0016296 2025年7月18日 期货投资咨询业务批准文号：证监许可[2011]1446号 01 周度观点 02 周度重点 目录 03 价格、价差、裂解 CONTENTS 04 供需库存平衡表 05 EIA周度报告及其他 01 周度观点 1.1 周度观点 本周主要观点： 上周周报观点：我们认为北半球消费旺季仍然能够一定程度上支撑市场，抵御供应增加压力，令短期 油价震荡稍强。但消费旺季已经来到最高峰，之后供应压力将逐渐增加，上方空间较为有限。 本周走势分析：周初，一项潜在的俄罗斯原油供应扰动令油价短暂走强，不过随后特朗普的发言打消 了短期风险，油价回吐上周五以来的涨幅。虽然美国汽油数据较差，传统消费旺季以及伊拉克供应扰 动使得周度油价总体仍然偏强震荡。 • 原油基本面：月差坚挺，柴油引领裂解价差，美国汽油需求数据遇冷（2.1-2.4） • 主要机构月报：总体维持库存增加预期，但对于未来需求走向存在分歧（2.5） • 供应扰动：欧盟制裁俄罗斯，特朗普促俄罗斯50日内达成协议，伊拉克库尔德地区产量受损（2.8） • 周度观点：我们认为北 ...

中概股涨跌不一，阿里巴巴涨超3%。金山云涨近7%，云服务业务增长前景乐观。奈飞涨2%，上调其全 年营收预期。 | 名称 | 现价 | 涨跌 涨跌幅 | | --- | --- | --- | | 道琼斯工业指数 | 44538.31 | 53.82 0.12% | | 纳斯达克指数 | | 20963.59 c 77.94 0.37% | | 标普500 | 6312.10 | 14.74 0.23% | 21:25 美股三大股指期货盘前齐涨 道指期货涨0.21%，标普500指数期货涨0.18%，纳指期货涨0.12%。 | 标普500期货小型 6352.00d 11.50 0.18% | | --- | | 纳斯达克100期货小型 23280.00 29.00 0.12% | | 纳斯达克100期货微型 23280.00 29.00 0.12% | | 道琼斯期货小型 44813 d 95 0.21% | 21:22 欧洲主要股指涨跌不一 法国CAC40指数涨0.19%，德国DAX指数跌0.11%，英国富时100指数涨0.21%。 （持续更新中……） 21:32 美股开盘｜三大指数上涨，金山云涨近7% 道指涨 ...

美股三大股指集体高开，道指涨0.16%，标普500指数涨0.27%，纳指涨0.35%。热门中概股普涨，金山 云涨超8%，阿里巴巴涨超3%。雪佛龙上涨2.5%，公司完成收购赫斯公司。 ...