Oil and Gas Exploration and Production

CHK OIL

China Hong Kong Oil Extends MOU with Target Oilfield

CHK OIL released FY2025 9-month earnings on March 31 (BJT), actual revenue HKD 48.59 M, actual EPS HKD 0.0028

CHK OIL released FY2025 Q3 earnings on March 31 (BJT), actual revenue HKD 10.2 M, actual EPS HKD 0.0157

CHK OIL released FY2025 earnings on March 31 During-Market (BJT), actual revenue HKD 58.8 M, actual EPS HKD 0.0187

CHK OIL released FY2025 Q4 earnings on March 31 During-Market (BJT), actual revenue HKD 10.2 M, actual EPS HKD 0.0157

Zhonggang Petroleum Expected to Turn Profitable Last Year, Net Profit Not Less Than 16.2 Million Yuan

Zonghang Petroleum Expected to Turn Profitable in 2025

CHK OIL FY2025 Annual Earnings Release Scheduled for March 31, 2026 During-Market BJT

CNAJ Petroleum Faces HKEX Rebuke for Concealing Critical Asset Information

HKEX censures former director of China Hong Kong Oil for damaging investor interests

Zonghang Petroleum and Aral Extend Kazakhstan Oil Field Cooperation MOU

China Harbor Petroleum Signs Market Development and Technical Service Agreements with Du Mei

Zhonggang Petroleum Signs Memorandum with Aral for Kazakhstan Oilfield Cooperation

CHK OIL released FY2025 Q1 earnings on August 28 (BJT), actual revenue HKD 19.2 M, actual EPS HKD -0.0064

CHK OIL released FY2025 Q2 earnings on August 28 During-Market (BJT), actual revenue HKD 19.2 M, actual EPS HKD -0.0064

CHK OIL released FY2025 Semi-Annual earnings on August 28 During-Market (BJT), actual revenue HKD 38.39 M, actual EPS HKD -0.0129

CHK OIL to Release FY2025 Semi-Annual Earnings on August 28, 2025 (BJT)

Lin Qingyu Not Re-elected as Non-executive Director of Zhonggang Petroleum

China Hong Kong Oil Completes Share Issuance, New China's Holding Ratio Increases

Yang Yuyan Resigns as Director of Zhonggang Petroleum

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BAR PACIFIC

HUISHENG INTL

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CHK OIL announced its full-year results for the year ended December last year, with a revenue of HKD 58.797 million, a year-on-year decrease of 61.6%. It turned a loss into a profit of HKD 16.232 million, compared to a loss of HKD 21.482 million in the same period last year; earnings per share were HKD 0.0188. No dividend was declared

AASTOCKS

In the performance report, CHK OIL turned a loss into a profit of 16.232 million yuan last year

CHK Oil Limited reported a revenue decline to HK$58.8 million for 2025 from HK$153.1 million in the previous year. However, the company swung to a net profit of HK$16.2 million, recovering from a HK$21.5 million loss in 2024, due to substantial impairment reversals and lower administrative expenses. Despite weaker sales, this indicates a partial recovery in its financial position. The latest analyst rating for CHK Oil (HK:0632) is a Hold with a price target of HK$0.26.

Tip Ranks

CHK Oil Swings to Profit on Impairment Reversals Despite Revenue Slump

CHK Oil Limited plans to amend its bye-laws to align with recent Hong Kong Listing Rules regarding electronic communications, hybrid meetings, and electronic voting. The changes, subject to shareholder approval, aim to modernize corporate governance and enhance operational flexibility. A circular detailing the proposed amendments will be sent to shareholders ahead of the annual general meeting. The latest analyst rating for CHK Oil (HK:0632) is a Hold with a price target of HK$0.26. The company is incorporated in Bermuda and operates in the oil sector, listed on the Hong Kong Stock Exchange.

CHK Oil Moves to Modernise Bye-Laws for Digital and Governance Reforms

CHK OIL expects to record a net profit of no less than HKD 16.2 million for the year ending December 31, 2025, compared to a loss of approximately HKD 21.5 million for the same period in 2024. The expected turnaround from loss to profit is attributed to the reversal of impairment losses on oil and gas assets and intangible assets of approximately HKD 51.4 million, as well as a one-time penalty of HKD 4.7 million in the fiscal year 2024 that will not recur in the fiscal year 2025

In "Earnings Surprise," CHK OIL is expected to record a net profit of no less than HKD 16.2 million last year

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The market overview of Hong Kong stocks in the past hour shows a clear divergence in market sentiment, with some individual stocks performing actively while others are under pressure. Recently, the volatility of small-cap stocks and thematic stocks has increased, and capital preferences seem to be switching between the technology and energy sectors. Overall, short-term market heat is changing rapidly, and investors' sensitivity to the market has increased, leading to frequent capital flows. In the past hour, the stock with the largest abnormal movement, WANGUO GOLD GP, saw a decline of 15.54%, attracting market attention, seemingly influenced by market sentiment, with noticeable short-term capital outflows putting pressure on its stock price. Meanwhile, SHANDONG MOLONG rose against the trend by 15.30%, showing strong buying support and attracting a lot of short-term capital interest. 

Strong stocks:
1. SHANDONG MOLONG: Up 15.30%, with optimistic performance expectations in the recent market and significant capital inflow.
2. CHINA RISUN GP: Up 15.11%, with active short-term capital and market expectations for its future development.
3. YICHEN IND: Up 11.46%, performing outstandingly in the industry and attracting investor attention.
4. CHK OIL: Up 10.53%, benefiting from rising oil prices, with continuous capital inflow.

Stocks under pressure:
1. WANGUO GOLD GP: Down 15.54%, with low market sentiment and intensified capital outflows.
2. 160 HEALTH: Down 15.38%, lacking positive news in the short term, leading to insufficient investor confidence.
3. CGII HLDGS: Down 11.11%, with the market holding a cautious attitude towards its prospects, resulting in pressure on its stock price

HK Stock Alerts

WANGUO GOLD GP

160 HEALTH

SHANDONG MOLONG

CHINA RISUN GP

YICHEN IND

CGII HLDGS

ILUVATAR COREX

Hong Kong Stock Movement Update: Gold stocks show significant pullback, WANGUO GOLD GP down 15.54%; SHANDONG MOLONG rises against the trend by 15.30%

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Abu Dhabi National Oil Company has reduced the crude oil supply from its onshore partners by approximately 20%, notifying equity partners that the March allocation for Murban crude oil will only allow for 80% extraction. Due to transportation disruptions, some buyers' orders from the Middle East have been forced to cancel. Abu Dhabi National Oil Company holds a 60% stake in the onshore concession, with the remaining shares held by Total, BP, PetroChina, Japan's INPEX, and Zhenhua Oil

BP p.l.c. ADRhedged

SPDR O&G Ex & Prd

SINOPEC SSC

VanEck Oil Refiners ETF

Yinhua CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

iShares US Oil Equip & Svcs

SPDR O&G Equip

VG Energy

PETROCHINA

E Fund CSI Petrochemical Industry ETF

SPDR Energy Select

China Universal CSI Oil & Gas Resources ETF

ZPEC

BP PLC-Spons

iShares US Oil & Gas Expl & Prod

SINOPEC CORP

According to reports, the UAE will reduce the onshore crude oil transportation volume of its partners by 20%

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As of noon, the three major indices of the Hong Kong stock market rebounded collectively, with the Hang Seng Index rising 1.56% to 25,804.66 points. The internet content and retail sectors performed strongly, with Tencent Holdings leading the blue chips with a 5.72% increase, and Alibaba rising 3.03%. Although market bullish sentiment has rebounded, the index has not yet confirmed an upward breakout. In the afternoon, attention will be on whether funds can continue to increase and challenge previous highs

- As of midday, Hong Kong's three major indices continued their rebound, with the Hang Seng Index at 25,804.66 points, up 1.56%.  
- The internet content and information sector led gains, driven by positive earnings expectations from major companies like Tencent and Baidu, while the oil and gas exploration sector faced declines amid weakening oil prices.  
- Overall, investor sentiment is influenced by macroeconomic indicators, with a focus on liquidity conditions and the ongoing economic recovery amidst external market uncertainties.

Market Pulse

TENCENT

BIDU-SW

BABA-W

QUANTGROUP

3SBIO

HORIZONROBOT-W

UNITEDENERGY GP

Hang Seng Composite Index

Tencent

Tencent Holdings Limited

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

Alibaba

Hang Seng Index

Hong Kong Stock Midday Review | Hang Seng Index rises 1.56%, led by the internet sector, Tencent rises 5.72%

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On March 10, 2026, Hong Kong stocks collectively rose during the trading session, with the Hang Seng Index up 1.19% at 25,709.86 points, and the Hang Seng Tech Index approaching the 5,000-point mark. The internet content and retail sectors led the gains, with major stocks like Tencent Holdings, Alibaba, and JD.com significantly rising, boosting market risk appetite. Meanwhile, the oil and gas sector was pressured by weakening oil prices, with China National Offshore Oil Corporation falling over 2%. On the macro front, employment and foreign exchange remained stable, with funds focusing on the pace of domestic demand recovery

- As of March 10, 2026, Hong Kong stocks rose collectively, with the Hang Seng Index gaining 1.19% to 25,709.86 points amidst improved risk appetite, yet falling short of breaking through previous highs.  
- Key sectors included internet content, where Tencent increased by 3.10%, and retail, reflected by gains from Alibaba and JD.com, while oil and gas stocks fell sharply due to declining international prices.  
- Macroeconomic indicators showed stability in forex reserves and unemployment, prompting investor focus on retail sales and manufacturing for potential growth opportunities.

JD-SW

CNOOC

DRINDA

BEONE MEDICINES

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Hong Kong Stock Market Update | Hang Seng Index rises 1.19%, Tencent and Alibaba lead the market

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Oil and gas equipment and service stocks significantly retraced today after a sharp rise yesterday, with Shandong Molong down 17.53% and PETRO-KING down 20.75%. International oil prices fell by about 10% due to Trump's statement that the war with Iran may end and consideration of easing sanctions on Russian oil. CHK OIL dropped 20.19%, and SINOPEC SSC fell 7.56%. Both CNOOC and PETROCHINA were down over 2%

Guotai CSI Oil & Gas Industry ETF

PETRO-KING

Shandong Molong

ChinaAMC CSI Petrochemical Industry ETF

Oil service stocks significantly retraced, Shandong Molong fell 17%, PETRO-KING dropped 21%

CHK OIL(00632.HK)