The Zhitong Finance App learned that CNOOC Oilfield Services (02883) rose by more than 7%. As of press release, it had risen 6.68% to HK$7895, with a turnover of HK$104 million.

According to the news, on October 23, CNOOC Oilfield Services announced results for the first three quarters of 2026. The group obtained operating revenue of RMB 35.729 billion, an increase of 2.5% over the previous year; net profit attributable to shareholders of listed companies of RMB 3.23 billion, an increase of 0.7% over the previous year; and basic earnings per share of 0.68 yuan.

According to the CICC Research Report, the CNOOC Oilfield Service 26Q3 semi-submersible platform operated 1,166 days, +13% YoY /-6% month-on-month, and the high daily fees from deep-water development are expected to bring good profit margins. CICC believes that the company's benefits from the improved supply of semi-submersible drilling and the structural increase in deep-water oil and gas capital expenditure are expected to continue until 2030. In addition, 9M26's oil technology sector's operating volume and revenue are growing steadily, and CNOOC's annual capital expenditure center of 120 billion yuan is expected to provide effective support for the company.

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