China Oilfield Services (HKG:2883, SHA:601808) expects its domestic business to remain stable and overseas operations to continue growing in 2026, citing steady global oil demand and sustained upstream exploration and development investment, according to a Jan. 23 Hong Kong bourse filing.
Hong Kong-listed shares of the firm were up nearly 6% in Monday morning trade.
The company said global upstream capital expenditure, including offshore exploration and development spending, is expected to stay broadly in line with 2025 levels.