Post by account_disabled on Dec 28, 2023 10:06:45 GMT
PTTEP reveals operating results from operations according to its business expansion strategy, resulting in a net profit of 1,569 million US dollars in 2019, an increase of 40 percent from increased petroleum sales volumes. from acquisitions and increased investment in the Bongkot field It also resulted in the ratio of petroleum reserves to production (R/P ratio) increasing to 7.5 years, creating growth for the company and creating long-term energy security for the country. In 2020, the goal is to increase the amount. Sell another 11%
Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTT Exploration and Production Public Company Limited or PTTEP, revealed that the company had total revenue in 2019 of 6,413 million US dollars ( equivalent to 198,822 million baht), an increase from 2018 which had total income of 5,459 million US dollars (equivalent to 176,687 million baht) or an increase of 17 percent, the main factor being the company's increased WhatsApp Number List petroleum sales volume from Increasing the proportion of investment in the Bongkot project The acquisition of Murphy Oil Corporation in Malaysia and Partex Holding B.V. increased average petroleum sales volumes in 2019 to 350,651 barrels of oil equivalent per day. or an increase of 15 percent compared to 305,522 barrels of oil equivalent per day in 2018, while the average product selling price increased slightly from 46.66 dollars per barrel of oil equivalent in 2018 to 47.24 dollars per barrel of oil equivalent.
From the increased sales volume in 2019, PTTEP had a net profit of 1,569 million US dollars (equivalent to 48,803 million baht), an increase of 40 percent from 2018, which had a net profit of 1,120 million dollars. US Dollars (equivalent to 36,206 million baht). PTTEP had cash flow from operations in 2019 totaling 3,540 million US dollars (equivalent to 102,878 million baht) and had a level of profit before interest. Tax and depreciation (EBITDA Margin) at 71 percentProven petroleum reserves increased to 7.5 years, strengthening energy security for the country.
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Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTT Exploration and Production Public Company Limited or PTTEP, revealed that the company had total revenue in 2019 of 6,413 million US dollars ( equivalent to 198,822 million baht), an increase from 2018 which had total income of 5,459 million US dollars (equivalent to 176,687 million baht) or an increase of 17 percent, the main factor being the company's increased WhatsApp Number List petroleum sales volume from Increasing the proportion of investment in the Bongkot project The acquisition of Murphy Oil Corporation in Malaysia and Partex Holding B.V. increased average petroleum sales volumes in 2019 to 350,651 barrels of oil equivalent per day. or an increase of 15 percent compared to 305,522 barrels of oil equivalent per day in 2018, while the average product selling price increased slightly from 46.66 dollars per barrel of oil equivalent in 2018 to 47.24 dollars per barrel of oil equivalent.
From the increased sales volume in 2019, PTTEP had a net profit of 1,569 million US dollars (equivalent to 48,803 million baht), an increase of 40 percent from 2018, which had a net profit of 1,120 million dollars. US Dollars (equivalent to 36,206 million baht). PTTEP had cash flow from operations in 2019 totaling 3,540 million US dollars (equivalent to 102,878 million baht) and had a level of profit before interest. Tax and depreciation (EBITDA Margin) at 71 percentProven petroleum reserves increased to 7.5 years, strengthening energy security for the country.
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