UBS released a research report stating that it raised the target price of CNPC shares from HK$12.8 to HK$13.3, maintaining a “buy” rating. Considering the company's performance and operating prospects for the first nine months, the bank raised its 2026 profit forecast by 5% and remains optimistic about the company's operating trends. It is expected that the upstream business will continue to benefit from high oil prices.

UBS released a research report stating that it raised the target price of CNPC shares from HK$12.8 to HK$13.3, maintaining a “buy” rating. Considering the company's performance and operating prospects for the first nine months, the bank raised its 2026 profit forecast by 5% and remains optimistic about the company's operating trends. It is expected that the upstream business will continue to benefit from high oil prices.