CHINA OILFIELD (02883) announced its results for the six months ended June 30, 2025. The group achieved revenue of RMB 23.32 billion during the period, representing a year-on-year increase of 3.51%. Profit attributable to owners of the company reached RMB 1.964 billion, up 23.33% year-on-year. Basic earnings per share were 41.16 cents.

In the first half of 2025, global economic policy uncertainties intensified, and the oil and gas industry faced a complex and volatile market environment. International oil prices in the first half showed characteristics of "wide fluctuations with a downward shift in the center," with upstream exploration and development investment demand mainly concentrated in emerging economies and deepwater oil and gas development.

The company proactively transformed from a participant in reserves increase and production to a creator of functional value, comprehensively introducing lean concepts and fully unleashing resource potential. Adhering to a customer-centric approach, the company keenly captured changes in market demand and continuously promoted the upgrade of technical services toward high quality and diversification, deeply exploring value growth points.

The company's drilling services business achieved operating revenue of RMB 7.231 billion in the first half, compared to RMB 6.408 billion in the same period last year, representing an increase of RMB 823 million, or 12.8%.