Revenue Beat: CNOOC Limited Beat Analyst Estimates By 5.4%

Simply Wall StMay 2 19:37 ET

Morgan Stanley: Downgraded CNOOC (00883) rating to "Shareholding" and lowered the Target Price to 13.5 Hong Kong dollars.

The bank stated that although it has been Bullish on Chinese oil companies since 2020, it lowered the rating of oil Assets in the fourth quarter of last year and has been Bearish on spot liquefied Henry Hub Natural Gas this year in February.

Zhitong FinanceMay 2 03:59 ET

Market Chatter: CNOOC Eyes Asset Deals Amid Oil Price Dip

MT NewswiresMay 1 04:08 ET

CNOOC's Sees Q1 Profit Fall 7.9% on Weaker Oil Prices

China DailyApr 30 09:01 ET

J.P. Morgan: Maintains PETROCHINA "Shareholding" rating with a Target Price of 7.5 Hong Kong dollars.

JPMorgan released a Research Report stating that it maintains a Target Price of 7.5 Hong Kong dollars for PETROCHINA (00857) and a "Shareholding" rating. The company's Net income for the first quarter of 2025 is 47 billion yuan (the same below), an increase of 2% year-on-year, exceeding JPMorgan's estimate of 43 billion yuan. JPMorgan believes that the company's upstream segment performs the best, estimating that over 50% of the segment's profits come from Henry Hub Natural Gas. The bank pointed out that PETROCHINA remains its top choice in China's Energy stocks and is the only oil giant expected to achieve a 10% growth in Net income from 2022 to 2024, despite oil prices declining from 102 dollars in 2022.

Sina Hong Kong Stock.Apr 30 03:33 ET

CNOOC's Q1 Profit Slips 8%

MT NewswiresApr 29 23:23 ET