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PetroChina, Sinopec, and CNOOC have issued an urgent announcement!
Seetao 2026-03-04 09:50
  • On March 3rd, affected by the geopolitical situation, sectors such as oil and natural gas continued to rise sharply
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On the evening of the 3rd, China National Petroleum Corporation (CNPC), China Petroleum&Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC) successively issued notices of abnormal fluctuations in stock trading, reminding investors to pay attention to risks.

China National Petroleum Corporation (CNPC) announced that the cumulative deviation of the closing price increase of its A-shares on February 27, March 2, and March 3, 2026 for three consecutive trading days exceeds 20%. According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, this constitutes abnormal fluctuations in stock trading.

After self inspection, the company's current production and operation situation is normal, and there have been no significant changes in industry policies recently. Recently, the international crude oil market has been affected by multiple factors such as geopolitical situation and supply and demand pattern, and prices have shown a wide range of fluctuations. There is significant uncertainty in short-term oil price fluctuations, and investors are advised to pay attention to risks.

The stock price of China National Petroleum Corporation's A-shares has been hitting the daily limit up for the past two trading days. As of today's close, the stock closed at 13.15 yuan per share, with a total market value of 2406.7 billion yuan. The cumulative increase this year has reached 26.32%.

Sinopec announced that the cumulative deviation of the daily closing price increase of the company's stock on February 27, March 2, and March 3, 2026 for three consecutive trading days exceeds 20%. According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, it belongs to abnormal fluctuations in stock trading.

According to the company's self inspection, the production and operation situation of the company is normal, and there are no major issues that should be disclosed but have not been disclosed. Due to factors such as geopolitics, there are many uncertainties in the international crude oil price trend. Investors are advised to pay attention to the risks.

The A-share stock price of Sinopec has continuously hit the daily limit up for the past two trading days. As of today's close, the stock closed at 7.82 yuan per share, with a total market value of 945.6 billion yuan, and a cumulative increase of 26.54% this year.

China National Offshore Oil Corporation (CNOOC) announced that the cumulative deviation of the closing price increase from the original value exceeded 20% for three consecutive trading days on February 27, March 2, and March 3, 2026. According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, it belongs to the situation of abnormal fluctuations in stock trading.

After verification, the company's current production and operation activities are normal, there have been no major adjustments to industry policies, and the internal business order is normal. Recently, the international crude oil market has been affected by multiple factors such as geopolitical situation and supply and demand pattern, and prices have shown a wide range of fluctuations. There is significant uncertainty in short-term oil price fluctuations, and investors are advised to pay attention to risks.

The stock price of China National Offshore Oil Corporation (CNOOC) A-shares has also hit the daily limit up for the past two trading days. As of today's close, the stock closed at 43.41 yuan per share, with a total market value of 2063.3 billion yuan, and a cumulative increase of 43.84% this year.

According to a previous report by Xinhua News Agency, due to the significant escalation of the geopolitical situation in the Middle East caused by the military strikes launched by the United States and Israel against Iran, the international market oil supply is facing the risk of interruption, and international crude oil futures prices rose sharply when the new week of trading began on the evening of the 1st.

(This article is excerpted from Global Times)Editor/Yang Meiling

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