The rise in oil prices is driving upstream companies to increase investments, leading oil service enterprises to continuously receive large orders.

Recently, international oil prices have been continuously rising, with the A-share oilfield equipment sector performing well. Many industry companies such as Tongyuan Petroleum, Zhunyou Stock, and Kelin Stock have seen their stock prices continue to rise. Among them, Kelin Stock, a company listed on the Beixiao Exchange, has seen its stock price rise by over 57% in the last 3 trading days. "Due to geopolitical factors, international oil prices have returned to above $70 per barrel." In the opinion of the relevant person in charge of Hammer Technology, as long as oil prices are supported, global oil exploration companies will continue to be willing to invest, and the increase in capital expenditure in the oil and gas sector may bring more business opportunities to oilfield service companies. It was learned from interviews with reporters that from the latest international situation, oil and gas resource development, and product orders, the demand of overseas oil companies is increasing, and domestic oilfield service companies are also continuously receiving large orders. With the expectation of high international oil prices, the participation of oilfield equipment companies in important links of the industry chain is expected to continue to increase.