PTT Exploration Reports 39 Billion Baht Profit, Declares 4.50 Baht Dividend

PTT Exploration and Production (PTTEP) showcased first-half 2025 results with revenue of 176.756 billion baht, net profit of 39.032 billion baht, and an interim dividend of 4.50 baht per share, while ramping up gas production to support the country during energy crises. CEO Montri Rawwaloychaikul reported that petroleum sales volume averaged 563,179 barrels of oil equivalent per day, up 14% year-on-year, with average selling prices at $49.54 per barrel, up 10% in line with global crude oil trends. Despite Middle East tensions creating uncertainty in global energy markets, the company sustained domestic natural gas production at approximately 2,680 million cubic feet per day, surpassing contractual delivery obligations of 2,500 million cubic feet per day to meet national energy demand, minimize impacts on consumers and industry, and strengthen energy security.

Based on strong operational and financial performance, the board approved an interim dividend of 4.50 baht per share, with the ex-dividend date set for August 14, 2025, and payment scheduled for August 28, 2025. In the first half, the company remitted over 27.7 billion baht to the state through taxes, royalties, and other benefit-sharing arrangements, as well as revenue from the G1/61 and G2/61 production-sharing contracts that can support national development initiatives.

On sustainable business operations, PTTEP achieved a first-time success in Thailand by repurposing an expired offshore petroleum platform through circular economy principles, reducing costs, resource consumption, and greenhouse gas emissions. The company also partnered with the Fisheries Department and Department of Primary Industries to convert 9 decommissioned platform jackets into artificial coral reefs in the Gulf of Thailand to restore marine ecosystems and increase aquatic wildlife habitats, with operations set to begin in the fourth quarter of this year.