Lates News

According to the AI Express of Every Economy, Guosen Securities released a research report on April 30th giving China Petroleum (601857.SH) a "outperform the market" rating. The reasons for the rating mainly include: 1) The net profit attributable to shareholders in the first quarter of 2026 increased by 1.9% year-on-year, reaching the best level in history for the same period; 2) Operating profit of the oil and gas and new energy business slightly decreased, mainly due to the impact of the pricing period for self-produced crude oil, with significant control effects on basic data; 3) The refining and chemical sector reduced oil and increased chemicals, with an increase in sales volume of refined oil products, benefiting from the increase in operating profit from inventory gains; 4) The natural gas sector optimized the structure of the resource pool, with the overall market share continuously increasing. (Daily Economic News)