The oil and petrochemical sector rose against the broader market today (October 29). As of press time, PetroChina Company Limited (ASX: 601857), CNOOC Energy Technology & Services, and Sinopec were up more than 2%, with CNOOC Ltd, ENN Natural Gas, and China Merchants Energy Shipping also among the top gainers. The Guozheng Oil & Gas Index, the underlying index of the Petroleum ETF Huabao (159019), bucked the trend with a gain of 0.27%. Note: As of October 28, 2026, within the Guozheng Oil & Gas Index, the weightings of PetroChina, CNOOC Energy Technology & Services, Sinopec, CNOOC Ltd, ENN Natural Gas, and China Merchants Energy Shipping stood at 15.9%, 1.24%, 12.45%, 13.25%, 2.71%, and 4.43%, respectively.
On the news front, on the evening of October 28, PetroChina Company Limited (ASX: 601857) released its third-quarter report for this year. Under International Financial Reporting Standards, the company achieved operating revenue of 2.32 trillion yuan in the first three quarters, up 7% year-on-year; net profit attributable to shareholders of the parent company reached 155.776 billion yuan, up 21.9% year-on-year; and net cash flow from operating activities totaled 373.539 billion yuan, up 8.8% year-on-year. In the third quarter alone, revenue was 793.573 billion yuan, up 10.4% year-on-year; net profit attributable to the parent was 51.84 billion yuan, up 21.6% year-on-year, with non-GAAP net profit attributable to the parent growing at 23.7%. Operating performance reached its best level for the same period in history.
Ping An Securities noted that the geopolitical standoff in the Middle East is unlikely to be resolved in the short term, with risks of significant escalation in both the U.S.-Iran and Yemen situations, deteriorating security in the Strait of Hormuz, and a rising probability of a new round of U.S. military strikes against Iran. Meanwhile, the Yemen situation is escalating in a spiral, with Houthi forces continuing to launch attacks on airports and oil facilities inside Saudi Arabia, significantly affecting Saudi Arabia's crude oil exports and refining operations. In summary, geopolitical risks continue to provide strong support for international oil prices.
Looking ahead, Guosen Securities stated that amid turbulent geopolitical conditions in the Middle East, blocked shipping through the Strait of Hormuz and the Bab-el-Mandeb Strait, combined with the suspension of Caspian Sea crude oil pipelines, global crude oil supply stability has contracted significantly; low inventory levels amplify price elasticity. In a high oil price environment, upstream oil and gas companies have ample profit elasticity, and coal-to-olefins producers with low-cost advantages as well as overseas integrated refining and chemical enterprises may benefit significantly.
To gain one-click exposure to the entire oil and gas industry chain and capture the dividends of the energy security era, focus on the Petroleum ETF Huabao (159019). The Petroleum ETF Huabao (159019) tracks the Guozheng Oil & Natural Gas Index, whose constituent portfolio provides one-click coverage of 50 A-share stocks across oil and natural gas exploration and development, oil and gas equipment and services, gas transmission, distribution and sales, and other related fields in the oil and natural gas industry, with the "three barrels of oil" accounting for nearly 40%. Note: As of the end of September 2026, within the Guozheng Oil & Gas Index, the weightings of PetroChina, Sinopec, and CNOOC Ltd stood at 15.9%, 12.45%, and 13.25%, respectively.
Note: For fee rates, please refer to the fund's legal documents. Source: Shanghai, Shenzhen and Hong Kong exchanges, China Securities Index, Guozheng Index, etc., as of October 29, 2026. Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors should invest rationally based on their own financial conditions and risk tolerance, and pay close attention to position and risk management.
Risk disclosure: The Petroleum ETF Huabao passively tracks the Guozheng Oil & Natural Gas Index, whose base date is December 31, 2002, and which was launched on December 30, 2014. The constituent stocks of the index are adjusted in due course according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index. The individual stocks mentioned in this article are merely objective illustrations of index constituents and do not constitute recommendations for any individual stock, nor do they represent the fund manager or the fund's investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must be responsible for their own investment decisions. In addition, any views, analyses, and forecasts in this article do not constitute investment advice of any form to readers, nor shall they bear any responsibility for direct or indirect losses arising from the use of the content herein. According to the fund manager's assessment, the risk level of the Petroleum ETF Huabao is R3-Medium Risk, suitable for investors with a balanced profile (C3) or above. The appropriateness matching opinion should be based on the sales institution's assessment. Investors should carefully read the fund's legal documents such as the Fund Contract, Prospectus, and Fund Product Information Summary to understand the fund's risk and return characteristics and choose products suitable for their own risk tolerance. Past performance of a fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Sales institutions (including the fund manager's direct sales channel and other sales institutions) conduct risk assessments of the above funds in accordance with relevant laws and regulations. Investors should promptly pay attention to the appropriateness opinions issued by the fund manager. Appropriateness opinions among sales institutions are not necessarily consistent, and the risk rating evaluation results of fund products issued by fund sales institutions shall not be lower than the risk rating evaluation results made by the fund manager. There are differences between the fund's risk and return characteristics and the fund's risk rating in the fund contract due to different factors considered. Investors should understand the fund's risk and return situation, carefully select fund products in light of their own investment objectives, horizon, investment experience, and risk tolerance, and bear the risks themselves. The registration of the above funds by the China Securities Regulatory Commission does not indicate that it makes any substantive judgment or guarantee on the investment value, market prospects, and returns of these funds. Fund investment involves risks.
MACD golden cross signals have formed, and these stocks are performing well.
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