On October 29, China Oilfield Services Limited released its unaudited financial report for the third quarter of 2025.
In 2025, the uncertainty and volatility in the energy services market have significantly increased, with intensified downward pressure on the central oil price. COSL has consistently focused on the demands of increasing reserves and production, continuously supplying high-quality equipment and establishing a technical support system for high-value exploration and high-level production increases. It has improved comprehensive, systematic control measures throughout the entire process, effectively enhancing the company’s risk resilience and promoting steady progress in operating performance. In the first three quarters of 2025, the company achieved operating revenue of RMB 34.85 billion, a year-on-year increase of 3.5%; net profit reached RMB 3.39 billion, a year-on-year increase of 28.6%.
During the reporting period, COSL’s drilling segment continued to deepen lean management, optimized the allocation of resources in domestic and international markets, achieved a year-on-year increase in platform utilization rates, and significantly improved segment revenue. The technology segment deepened the integration of the industrial and innovation chains, effectively driving the technical system to further extend towards the demand and application ends, with the workload of major business lines achieving year-on-year growth. The vessel segment continued to consolidate its leading market share domestically, with the cumulative operating days of vessels achieving a year-on-year increase. The geophysical segment focused on high-return businesses, optimized and adjusted capacity layout, achieving year-on-year growth in both revenue and profit.
COSL will adhere to a customer demand-centered approach, guided by value creation. By balancing development and safety, comprehensively upgrading the industry, strengthening the quality and efficiency of international operations, and enhancing governance capabilities and standards, the company will continuously strengthen its core functions and competitiveness, promoting its production and operations to a new level.
