PTT has revealed its business direction for the second half of the year, focusing on improving internal efficiency to cope with geopolitical uncertainty. The company also forecasts that in 2026, the petroleum exploration and production business will benefit from higher sales volumes after fully recognizing projects acquired since 2025, while the natural gas business will gain from the new gas price restructuring that replaces the Single Pool system, lowering gas purchase costs for separation plants. Meanwhile, the petrochemical and refining businesses still face challenges from the Strait of Hormuz crisis, which has tightened crude oil and feedstock supply, but capacity utilization rates at olefins and aromatics plants are expected to rise due to fewer maintenance shutdowns. The refining business expects GRM to remain stable, partially offset by stock losses caused by oil prices. The oil business sees gross profit in the Lifestyle segment and EV utilization rate increasing with promotional activities, though oil sales volumes may stay flat. The power business expects higher costs but also higher pass-through revenue, with industrial customer gas demand remaining strong.
PTT Public Company LimitedPTT outlines plan to navigate geopolitical volatility, with mixed effects across segments: gas benefits from price restructuring, petrochemicals face supply tightness, refining stable, oil flat, power higher costs but pass-through.
