On August 11, CNOOC rose 3.68% in regular trading, trading at HK$24.2/share, with turnover of HK$215 million.

The rally was primarily driven by escalating geopolitical tensions surrounding the Strait of Hormuz. Iran and Oman have failed to reach agreement on reopening the strait, while Iran's parliament approved a strategic action plan for Hormuz Strait security and development. Houthi forces claimed responsibility for an attack on a Saudi refinery near the Red Sea, pushing Brent crude further higher. Additionally, a vessel near the Strait of Hormuz was attacked and caught fire, sending VLCC daily rental rates surging above $500,000, as supply disruption risks continue to intensify.

Analyst estimates suggest that if oil prices rise from $85/bbl to $100/bbl, CNOOC's net profit attributable to shareholders could increase by approximately RMB 24 billion. With global crude and refined product inventories at critically low levels and peak consumption season underway, the company is well-positioned to benefit from sustained oil price strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)