nha cai 188bet Oil and gas firms post strong 2025 results

Petrovietnam Drilling and Well Service Corporation (PV Drilling) has released its 2025 results, marking nha cai 188bet strongest performance in a decade.

Along with this, nha cai 188bet company reported estimated revenue of $420 million approximately, up 10 per cent on-year. Pre-tax and after-tax profits came to $44 million and $33.2 million, up 17 per cent and 19 per cent, respectively, compared to 2024.

These figures mark PV Drilling’s highest profit level since 2015. Compared to nha cai 188bet annual plan, actual revenue exceeded nha cai 188bet target by 46 per cent, while pre-tax and after-tax profits were 39 per cent and 57 per cent higher than projections, respectively.

Photo: Petrovietnam

Sharing nha cai 188bet same upward momentum, Binh Son Refining and Petrochemical JSC and Petrovietnam Gas Corporation (PV GAS) also recorded .

Binh Son Refining and Petrochemical produced 7.9 million tonnes, equivalent to 108 per cent of its plan, generating revenue of around $5.7 billion and contributing $570 million to nha cai 188bet state budget.

In nha cai 188bet fourth quarter of 2025 alone, nha cai 188bet company posted a sharp turnaround, swinging from a $4.1 million contraction in nha cai 188bet same period last year to posting a pre-tax profit of more than $81.5 million in nha cai 188bet period.

For nha cai 188bet full year, its pre-tax profit reached 181.6 million, exceeding nha cai 188bet annual plan by 262 per cent and more than six times higher than nha cai 188bet $29.4 million level recorded one year ago.

nha cai 188bet company noted that 2025 was a challenging year as Brent Crude prices fell by nearly 20 per cent to around $64 per barrel, while exchange rates climbed and competition from regional supply intensified.

Despite these headwinds, nha cai 188bet company managed to swim against nha cai 188bet tide through an operational optimisation strategy. In nha cai 188bet second half of nha cai 188bet year, nha cai 188bet Dung Quat Refinery maintained an average equivalent capacity utilisation rate of up to 122 per cent, helping second-half profits surge by 113 per cent compared with nha cai 188bet first half, despite unfavourable market conditions.

Similarly, PV GAS reported estimated consolidated revenue of $5.36 billion, up 27 per cent on-year, while pre-tax profit reached $580 million, up 10 per cent, completing 181 per cent of its revenue target and 218 per cent of its profit target for 2025.

A key highlight for PV GAS in 2025 was record liquefied petroleum gas/liquefied (LPG/LNG) natural gas trading volume of more than 5 million tonnes, 2.65 times higher than nha cai 188bet plan.

Domestic consumption grew steadily by 8 per cent, while international trading surged to over 3.2 million tonnes, double nha cai 188bet 2024 level.

LPG/LNG activities currently account for about 56 per cent of total consolidated revenue, with international business contributing 34 per cent, already surpassing nha cai 188bet strategic target set for 2030.

On nha cai 188bet investment front, PV GAS disbursed more than $136 million in 2025, equivalent to 103 per cent of nha cai 188bet plan, and secured approval for major infrastructure projects such as nha cai 188bet Vung Ang LNG terminal and nha cai 188bet Haiphong refrigerated LPG storage facility.

For 2026, PV GAS targets 10 per cent revenue growth, focusing on international markets and clean energy, with plans to pilot green hydrogen production at nha cai 188bet Dinh Co Gas Processing Plant from nha cai 188bet first quarter of 2026.

As for Petrovietnam Coating JSC (PV Coating), although it has yet to disclose detailed 2025 financial figures, nha cai 188bet company said key economic and financial indicators – including output, revenue, profit, state budget contributions and employee income – were all higher than in 2024 and above nha cai 188bet 2025 plan.

PV Coating completed pipe coating contracts (onshore and infield pipelines) for nha cai 188bet Lo B-O Mon gas pipeline chain – Vietnam’s crucial national energy project, as well as nha cai 188bet Lac Da Vang and Thien Nga–Hai Au oil-field projects.

nha cai 188bet company also continued to expand research, development and non-core services, such as internal coating for fuel pipelines at Long Thanh Airport, field joint coating for offshore pipelines at Lac Da Vang, Thien Nga–Hai Au projects, fireproof coating, maintenance and repair services, and trading activities.

According to Petrovietnam Securities JSC, nha cai 188bet Vietnam National Industry-Energy Group (Petrovietnam) is rapidly aligning with nha cai 188bet upstream investment trend, with plans to allocate up to 52 per cent of its total $2 billion investment budget to this segment.

Driving nha cai 188bet sector’s overall momentum is nha cai 188bet Lo B-O Mon mega project, which has entered a synchronised implementation phase, targeting nha cai 188bet first gas stream by August 2027.

nha cai 188bet massive scale is expected to generate abundant workloads and long-term benefits for upstream service providers such as Petrovietnam Technical Services Corporation and PV Drilling.

In addition, nha cai 188bet oil and gas industry outlook has been further bolstered by positive progress at nha cai 188bet Lac Da Vang oil-field, highlighted by nha cai 188bet successful launch of nha cai 188bet jacket and piles for nha cai 188bet Lac Da Vang A platform.

In nha cai 188bet downstream segment, global refining margins are forecast to remain elevated in 2026 due to constrained supply in developed markets.

Meanwhile, nha cai 188bet midstream segment is expected to see divergence. Crude oil transportation is likely to remain stable, supported by stockpiling demand amid declining oil prices, while refined product transportation may face challenges as importing countries ramp up their domestic refining capacity.

vir.com.vn