Core Viewpoint - Halliburton's shares experienced a significant increase of 7.8% to close at $31.92, driven by strong trading volume and optimism regarding potential investments in Venezuela's oil sector [1][2]. Company Performance - Halliburton is expected to report quarterly earnings of $0.54 per share, reflecting a year-over-year decline of 22.9%. Revenue is anticipated to be $5.39 billion, down 3.9% from the previous year [3]. - The consensus EPS estimate for Halliburton has been revised slightly higher in the last 30 days, indicating a positive trend that may lead to price appreciation [4]. Market Sentiment - The increase in Halliburton's stock price is linked to optimism surrounding U.S. actions towards Venezuela, which could lead to increased oil production and subsequently benefit oilfield service providers [2]. - The sentiment was further bolstered by Donald Trump's encouragement for U.S. oil companies to invest in rebuilding Venezuela's oil infrastructure [2]. Industry Context - Halliburton operates within the Zacks Oil and Gas - Field Services industry, which includes other companies like FMC Technologies, that also saw a stock increase of 2.1% [5]. - FMC Technologies has a consensus EPS estimate of $0.51, representing a decline of 5.6% from the previous year, and currently holds a Zacks Rank of 2 (Buy) [6].

1月6日，中海油服盘中上涨2.05%，截至14:00，报14.43元/股，成交2.21亿元，换手率0.52%，总市值 688.54亿元。 分红方面，中海油服A股上市后累计派现154.92亿元。近三年，累计派现28.66亿元。 机构持仓方面，截止2025年9月30日，中海油服十大流通股东中，中国证券金融股份有限公司位居第三 大流通股东，持股1.38亿股，持股数量较上期不变。招商优质成长混合(LOF)（161706）位居第四大流 通股东，持股1307.74万股，相比上期增加474.46万股。华泰柏瑞沪深300ETF（510300）位居第五大流 通股东，持股1013.94万股，相比上期减少48.50万股。香港中央结算有限公司位居第六大流通股东，持 股999.42万股，相比上期减少217.29万股。招商瑞文混合A（007725）位居第七大流通股东，持股964.14 万股，持股数量较上期不变。易方达沪深300ETF（510310）位居第九大流通股东，持股728.70万股， 相比上期减少24.28万股。华夏沪深300ETF（510330）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，中海油田服务股份有限公司位于河 ...

胜利内部市场的五条钻井平台全部实现进尺超万米，新胜利一号平台以三万米进尺刷新平台作业纪 录……优异成绩的取得，源于海洋钻井公司对生产组织的全链条精益管控——通过优化流程衔接、强化 设备保障、压实岗位责任，将效率指标精准分解到每一口井；完善生产模式和KPI指标体系，针对性制 定实施方案；与采油厂深化协作，推广"一趟钻"理念、井组批钻、优化下套管作业等举措，构建起"比 安全、比速度、比质量"的攻坚氛围。 本报12月30日讯(大众新闻记者顾松通讯员刘涛刘红霞)截至12月20日，胜利石油工程公司海洋钻井公司 累计开钻69口、交井69口，钻井进尺达158306米，超额完成全年生产目标，实现近年来生产最好水平。 今年以来，海洋钻井公司锚定产能建设目标，以精益管理与高效协同双轮驱动，强化生产统筹与资源配 置，建立常态化、多层次对接机制，动态协调井位审批、工作量释放、平台试油接替等关键环节，确保 钻井施工无缝衔接、高效推进。其间，打出10口日产油百吨以上油井，有力保障了海上产能建设。 与此同时，他们科学推行"五日滚动计划"，严格落实每日7点晨会和桩西生产保障例会制度，紧盯每米 进尺完成情况，督导各平台刚性执行生产计划，并提前 ...

12月18日，上证指数涨0.16%，收报3876.37点，恒生指数涨0.12%，收报25498.13点。 中海油服AH溢价达120.67%，位居AH股溢价率第29位。当日收盘，中海油服A股报13.78元，涨幅 1.1%，H股报6.9港元，上涨0.58%。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 本文源自：市场资讯 作者：金股通 资料显示，中海油田服务股份有限公司(中海油服,China Oilfield Services Limited或COSL)是全球较具规 模的综合型油田服务供应商。服务贯穿海上石油及天然气勘探,开发及生产的各个阶段。业务分为四大 类:物探勘察服务、钻井服务、油田技术服务及船舶服务。COSL于2002年11月20日公开发行H股,并在香 港联合交易所主板上市,股票编号:2883。2004年3月26日起,COSL之股票以一级美国存托凭证的方式在美 国柜台市场进行交易,股票编号为CHOLY。COSL于2007年9月28日在上海证券交易所上市,A股股票简称: 中海油服,股票编号:601808。 ...

Core Insights - Helmerich & Payne, Inc. (HP) is a prominent player in the oil and gas drilling industry, recognized for its specialized drilling services and a substantial fleet of land rigs both domestically and internationally [1] - RBC Capital has set a price target of $29 for HP, suggesting a potential price increase of 4.54% from its current trading price of $27.74 [1] - HP's stock price is currently at $27.81, reflecting a 2.22% increase or $0.61 from previous levels [2] Financial Performance - During the Q4 2025 earnings call, HP presented its financial standing with CEO John Lindsay and CFO J. Vann leading the discussion [2] - The stock has shown volatility, trading between $27.05 and $27.96 on the day, with significant fluctuations over the past year, reaching a high of $37.30 and a low of $14.65 [3] Market Position - HP has a market capitalization of approximately $2.76 billion, indicating its size and influence in the drilling sector [4] - The trading volume on the NYSE is 357,186 shares, reflecting active investor interest and providing insights into the company's market position and investor sentiment [4]

Core Insights - The SHBP5X well, drilled by Shengli Oil Engineering Company, achieved significant drilling efficiency, setting records for the highest mechanical drilling speed and the shortest drilling cycle in the Shunbei area [1] Group 1: Drilling Performance - The SHBP5X well was drilled to a depth of 7,373 meters with an average mechanical drilling speed of 12.83 meters per hour, completing the drilling in 15.54 days, which is 4.46 days shorter than the planned schedule, representing a 22.3% time savings [1] - The drilling operation faced challenges such as the abrasive nature of the quartz sandstone formations, but the project team utilized advanced drilling tools and real-time optimization techniques to enhance performance [1] Group 2: Technical Innovations - The project employed ultra-high torque rods and specially designed PDC bits, along with a monitoring platform for mechanical specific energy (MSE) and drilling parameters, to improve drilling efficiency [1] - The drilling team conducted sensitivity analyses on various parameters, including pipe friction and equivalent circulating density (ECD), to optimize drilling operations and manage risks effectively [1]

Core Viewpoint - CNOOC Services' stock price has experienced fluctuations, with a current decline of 2.01% and a year-to-date decrease of 2.46%, despite a recent 20-day increase of 5.93% [1] Financial Performance - For the period from January to September 2025, CNOOC Services reported a revenue of 34.854 billion, reflecting a year-on-year growth of 3.54%, and a net profit attributable to shareholders of 3.209 billion, which is a significant increase of 31.28% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for CNOOC Services decreased by 6.08% to 64,000, with an average of 0 circulating shares per person [2] - The company has distributed a total of 15.492 billion in dividends since its A-share listing, with 2.866 billion distributed over the last three years [3] Major Shareholders - The top circulating shareholder is China Securities Finance Corporation, holding 138 million shares, unchanged from the previous period [3] - Other notable shareholders include招商优质成长混合(LOF) and华泰柏瑞沪深300ETF, with changes in their holdings compared to the previous period [3]

Summary of the Conference Call for CNOOC Services Industry Overview - The conference call primarily discusses the performance and outlook of the offshore oil services industry, particularly focusing on CNOOC Services. Key Points and Arguments Financial Performance - For the first three quarters of 2025, the company reported a revenue of RMB 34.854 billion, representing a year-on-year increase of 3.5% [3] - The net profit attributable to shareholders reached RMB 3.209 billion, with a year-on-year growth of 31.3% [3] Segment Performance - **Drilling Segment**: - Achieved significant improvements in operational efficiency through lean management and resource optimization, with calendar day utilization increasing by over double digits year-on-year [2][3] - Revenue saw a substantial increase, indicating enhanced market competitiveness [2] - **Technology Segment**: - Expanded its technical system towards demand and application ends, with a year-on-year increase in operational volume across major business lines [2][3] - **Vessel Segment**: - Consolidated domestic market share with a total of 9,427 additional operating days year-on-year, showing a revenue growth rate close to 10% [2][3] - **Tungsten Carbon Segment**: - Focused on high-return businesses and optimized capacity layout, achieving year-on-year growth in both revenue and profit [2][3] Market Conditions - The domestic drilling platform workload is fully utilized with no idle capacity, and a stable supply-demand balance is expected to continue in the coming years, providing a solid market demand and profit outlook [2][9] - In the overseas market, the day rate for semi-submersible platforms in the North Sea exceeds USD 300,000 per day, with contracts extending to 2030, contributing significantly to revenue and profit [2][10] Debt Management - The company effectively reduced interest expenses by repaying maturing USD debts, which lowers financial risk and creates favorable conditions for future profit growth [2][16] Future Contracts and Pricing - The framework agreement for the next three years is still in progress and is expected to be approved in December, focusing on work processes and service content rather than specific workload and pricing [4] - The pricing is anticipated to remain relatively stable in 2026 compared to 2025 [4] New Contracts and Market Trends - New contracts for drilling platforms are primarily concentrated in the Asia-Pacific region, with no particularly satisfactory long-cycle, high-yield contracts signed this year [8] - The oilfield technology service segment saw an increase in new orders, especially in the Middle East, Iraq, and North America, with a notable rise in contract volume despite smaller amounts [14][15] Technological Advancements - The company is advancing in smart and digital applications, including intelligent drilling platforms and smart oilfield construction, enhancing operational efficiency and effectiveness [17] Taxation Issues - The company is actively engaging with local tax authorities in Mexico to mitigate tax risks and improve internal management to lower overseas tax liabilities [18] Additional Important Information - The company’s "15th Five-Year Plan" aims for leapfrog development with clear annual targets to continuously explore potential and achieve higher operational goals [12] - The oilfield technology service segment's overall revenue and profit remained stable with slight declines due to changes in business calculation models [13]

Core Viewpoint - CNOOC Services, established in 2001 and listed in 2007, is one of the largest integrated oilfield service providers globally, covering all stages of oil and gas exploration, development, and production, with a rare full industry chain service capability [1] Financial Performance - In Q3 2025, CNOOC Services achieved a revenue of 34.854 billion yuan, ranking 2nd in the industry, surpassing the industry average of 16.033 billion yuan and the median of 1.866 billion yuan; the top competitor, Sinopec Oilfield Services, reported a revenue of 55.163 billion yuan [2] - The net profit for the same period was 3.391 billion yuan, ranking 1st in the industry, exceeding the industry average of 0.933 billion yuan and the median of 0.252 billion yuan; the second-ranked competitor, CNOOC Development, reported a net profit of 2.925 billion yuan [2] Financial Ratios - As of Q3 2025, the debt-to-asset ratio for CNOOC Services was 44.26%, lower than the previous year's 46.83% and below the industry average of 60.32%, indicating strong solvency [3] - The gross profit margin for the same period was 18.20%, up from 17.24% year-on-year and above the industry average of 17.03%, reflecting strong profitability [3] Shareholder Information - As of June 30, 2014, the number of A-share shareholders increased by 0.49% to 98,600, with an average holding of 30,000 circulating A-shares, up by 1.23% [5] - As of September 30, 2025, the top ten circulating shareholders included China Securities Finance Corporation with 138 million shares, unchanged, and other notable shareholders with varying changes in holdings [5] Business Highlights - The drilling segment remains robust, with increased operational volume and utilization rates expected to continue rising [6] - The oilfield technical services segment has shown consistent growth, becoming a core business that is likely to drive stable development [6] - The shipping segment has seen significant improvement, while the geophysical exploration business is undergoing adjustments, with future performance expected to improve [6] - CNOOC's capital expenditure remains high, which may lead to more development opportunities due to increased global oil and gas production [6]

Core Viewpoint - Bank of America Securities reports that CNOOC Services (02883) achieved a net profit of 3.21 billion RMB in the first three quarters, representing a year-on-year increase of 31% [1] Financial Performance - The net profit for the third quarter was 1.246 billion RMB, showing a year-on-year increase of 46% and a quarter-on-quarter increase of 16%, outperforming expectations [1] - Third-quarter revenue reached 11.5 billion RMB, reflecting a year-on-year increase of 4% but a quarter-on-quarter decrease of 8%, aligning with expectations [1] - The slowdown in revenue growth is attributed to a deceleration in the expansion of oil well services [1] Service Contribution - The contribution from drilling services has rapidly increased, primarily benefiting from high day rates from North Sea contracts and improved utilization rates of drilling platforms [1] Target Price Adjustment - Bank of America Securities raised the target price for CNOOC Services (601808) from 8 HKD to 8.2 HKD, maintaining a neutral rating [1]