Sinopec Oilfield Service Corp. Sees Significant Share Price Increase Amid Hong Kong Oil and Gas Sector Rally
On June 13, 2025, Sinopec Oilfield Service Corp., a prominent energy equipment and service company based in Beijing, China, experienced a notable surge in its share price. The company, listed on the Hong Kong Stock Exchange, saw its shares rise by nearly 30% as part of a broader rally in the Hong Kong oil and gas sector.
Market Context
The rally was part of a wider trend in the Hong Kong oil and gas sector, with several companies experiencing significant gains. For instance, Shandong Meilong’s shares soared by 110%, while MI Energy and Sinopec Oilfield Service Corp. also saw substantial increases of 35% and nearly 30%, respectively. This surge in the sector was highlighted in reports by East Money and Jiemian News.
Company Overview
Sinopec Oilfield Service Corp. provides a comprehensive range of oilfield services, including geophysics, drilling engineering, logging, special downhole operations, engineering construction, and offshore oil projects. The company has been listed on the Hong Kong Stock Exchange since its initial public offering on March 29, 1994.
Financial Performance
As of June 11, 2025, the company’s close price was HKD 0.64, with a market capitalization of HKD 28,680,000,000. The company’s 52-week high was HKD 0.91 on October 7, 2024, and its 52-week low was HKD 0.48 on September 18, 2024. The price-to-earnings ratio stood at 52.73.
Market Dynamics
The broader market dynamics also played a role in the sector’s performance. The A-share market experienced a slight adjustment, with the Shanghai Composite Index falling by 0.72% to 3378.01 points. Meanwhile, the Hong Kong market saw a 0.7% decline in the Hang Seng Index, with the Hang Seng Tech Index dropping by 2.08%.
Conclusion
The significant rise in Sinopec Oilfield Service Corp.’s share price reflects the positive sentiment in the Hong Kong oil and gas sector. Investors appear optimistic about the sector’s prospects, driven by the company’s robust service offerings and the broader market trends. As the market continues to evolve, Sinopec Oilfield Service Corp. remains a key player in the energy equipment and services industry.