China Oilfield Services Sees Stable Domestic Business in 2026; Hong Kong Shares Jump 6%

MT Newswires Live

Jan 26

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.

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