2023-05-12 01:45:00
Mr. Auttapol Rerkpiboon, President and Chief Executive Officer, PTT Public Company Limited, revealed that from conflicts and geopolitical tensions in many countries. The reduction of crude oil production in OPEC and allied nations until the end of 2023 and the global economy is slowing down. As a result, in the first quarter of 2023, PTT and its subsidiaries had operating profit before depreciation and amortization. financial cost and income tax (EBITDA) at 104,008 million baht, a decrease of 36,904 million baht or 26.2 percent from the first quarter of 2022 at 140,912 million baht, mainly from petrochemical and refining businesses. In addition, the performance of PTT’s own businesses, such as the natural gas business group, had a decrease in operating results from the gas separation plant business. The average selling price of almost all products has decreased in accordance with the reference petrochemical prices in the market. In addition, the sales volume decreased and the gas cost increased. As for the petroleum exploration and production business, the operating results increased in line with the increase in average sales volume. However, this quarter, there was a decrease in loss from derivatives. Compared to the first quarter of 2022, PTT and its subsidiaries reported a net profit of 27,855 million baht in the first quarter of 2023, an increase of 3,063 million baht or 12.4 percent from the first quarter of 2022 at 24,792 million baht.
PTT as the national energy company Adhere to the mission to create energy security ready to be an important force driving the industry And the country to move forward continuously, from 2020 to 2022, more than 20,000 million baht has been spent to mitigate the impact of the public sector from the COVID-19 crisis. and the Russo-Ukrainian War, such as oil reserves of 4 million barrels, NGV price fixing, LPG price subsidies to low-income hawkers through state welfare cards. Support for the Oil Fund and extending the payment term to EGAT to reduce the burden of FT fees, etc.
PTT is accelerating the strategy of “change, grow” to drive Thailand towards a low-carbon society. Aiming to achieve carbon neutrality by 2040 and net zero emissions by 2050 through proactive work. adjust production process Developing new technologies, ready to transform into a clean energy business that is friendly to the environment Including expanding into new businesses beyond energy Increase the amount of carbon dioxide absorption through reforestation by 1 million rai by 2030 in the form of a community enterprise. to participate in forest preservation career promotion and income of communities in the area In the future, these forests will help absorb more than 4.15 million tons of carbon dioxide per year.
“PTT is committed to operating in all dimensions. to improve the quality of life of Thai people Support the energy of the future Create a complete electric vehicle ecosystem ready to study hydrogen energy and renewable energy to be an important force driving the country towards becoming a concrete low-carbon society Including increasing green areas and revitalizing the forest to be fertile. leading the country to achieve the Net Zero Emissions goal in a sustainable way,” Mr. Auttapol added.
Symbol: PTT
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