CLSA has released a research report stating that CNOOC's (00883) Q3 2025 results demonstrate steady and robust production growth year-over-year, in line with initial guidance despite oil price volatility. The company's profitability and cash flow generation have shown greater resilience than market expectations, supporting its current 8% dividend yield. The firm has raised its target price for CNOOC's H-shares from HK$22.4 to HK$23 while maintaining its A-share target price at RMB 31.4. CLSA reiterated its "Buy" rating for both CNOOC's H-shares and A-shares.
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