Gelonghui October 18th | BOC International Research Report pointed out that due to the average oil price decline, it is expected that the profitability of the three major oil companies in the mainland will significantly decrease in the third quarter. Among them, the profitability of integrated upstream and downstream enterprises has dropped even more. Given the good production growth, CNOOC should be the only company to achieve year-on-year growth. BOC International further stated that after news reports that Israel has assured the United States that it will not attack Iran's oil or nuclear facilities in the imminent retaliatory operation, oil prices have fallen from recent highs, but the geopolitical situation in the Middle East remains tense. Currently, the bank reiterates its 'shareholding' rating for the petrochina industry, with CNOOC still the industry's top choice.