On September 8, CNOOC rose 3.14% in regular trading, trading at HK$25.66/share, with turnover of HK$1.047 billion. The rally was driven by escalating Middle East conflicts, which pushed Brent crude futures to approximately $97/barrel, marking a one-month high.

Goldman Sachs noted that the refined product supply shock has been particularly severe, with global crude and refined product inventories sitting at low levels, further amplifying the pricing impact of supply gaps. Oil prices serve as the core earnings anchor for petroleum stocks, and the upward move directly boosts profit expectations for related companies.

CNOOC's previously disclosed interim results showed first-half net profit attributable to shareholders of RMB 85.818 billion, up 23.4% year-over-year, with barrel oil cost at just $29.7/boe, highlighting exceptional profit leverage in a high oil price environment. Revenue reached RMB 242.66 billion, up 16.9%, while net oil and gas production hit 398.7 million boe, up 3.7%. An earlier research note estimated that if the oil price center rises from $85 to $100/barrel, CNOOC's net profit could increase by approximately RMB 24 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)