Insight

Oil & Gas

~15% of SET market cap; PTT Group integrated platform (PTT, PTTEP, PTTGC, TOP, IRPC, OR) anchors; Bangchak, BAFS, ESSO Thailand

Last updated: Live coverage

Reports in this sector

3

Market profiles

9

Cited sources

50

Primary-grade share

64%

Key statistics

Public reference figures, each linked to source-level context.

FY2023
~THB 3T

PTT Group Consolidated Revenue

PTT Annual Report, SET filings

2024
~120,000 bpd

BCP Refining Capacity (post-Esso acquisition)

BCP Annual Report, EPPO Thailand

2023–2024
>80%

Thailand Crude Oil Import Dependency

EPPO Energy Statistics, PTTEP Annual Report

2022–2024
~15–20% drop vs 2019 peak

Thailand Domestic Natural Gas Production Decline

PTTEP Annual Report, EPPO, EGAT Power Development Plan

FY2023
~700–800 MMboe

PTTEP 2P Petroleum Reserves

PTTEP Annual Report, SEC Thailand filing

Market profiles in this sector

9 free profiles tied to reports, filings, regulations, and source-backed context.

Browse Market Atlas →
Company/operator
SET:BCP

Bangchak Corporation

Main independent Thai refiner; post-Esso ~294K bpd, 1,800 retail stations; biofuels, BCPG solar; FY2024 revenue ~THB 330B.

17 reports
Company/operator
SET:BAFS

Bangkok Aviation Fuel Services

Aviation fuel into-plane services, pipeline at Suvarnabhumi, Don Mueang; tourism-recovery beta; FY2024 revenue ~THB 5B.

4 reports
Company/operator
SET:IRPC

IRPC

Integrated refiner, petrochemical at Rayong; 215K bpd refining, olefin, aromatic, specialty polymers; FY2024 revenue ~THB 290B.

13 reports
Company/operator
SET:PTTEP

PTT Exploration and Production

PTT Group upstream E&P arm; ~350K BOED sales; Gulf of Thailand, Myanmar, Mozambique LNG; FY2024 revenue ~THB 320B.

5 reports
Company/operator
SET:PTTGC

PTT Global Chemical

PTT Group downstream petrochemical arm; Map Ta Phut integrated complex, Allnex coatings; FY2024 revenue ~THB 560B.

16 reports
Company/operator

PTT Lubricants (PTTL)

PTT Group subsidiary producing and marketing lubricants under the PTT brand across Thailand and Southeast Asia.

1 report
Company/operator
SET:OR

PTT Oil and Retail

PTT fuel-retail, Cafe Amazon arm; ~2,200 PTT stations, ~4,000 Cafe Amazon outlets; FY2024 revenue ~THB 830B.

7 reports
Company/operator
SET:PTT

PTT

State-linked integrated Thai petroleum holdco; six listed subsidiaries; FY2024 consolidated revenue ~THB 2.8T; ~15% of SET market cap.

22 reports
Company/operator
SET:TOP

Thai Oil

Thailand's largest refiner; 275K bpd Sriracha, aromatic, lube; FY2024 revenue ~THB 460B; CFP to 400K bpd in flight.

10 reports

Available reports

Thailand Oil & Gas Market Intelligence

PTT Group (SET: PTT) anchors Thai oil & gas with FY2024 consolidated revenue ~THB 2.8T spanning upstream (PTTEP), refining (TOP, IRPC), petrochemical (PTTGC), retail (OR). Bangchak (BCP) is the main independent competitor. Thailand imports crude, exports refined products.

PTTEP: Upstream Portfolio and the Myanmar Exposure Question

PTTEP FY2024 net profit THB 78,824M on revenue THB 327,415M and 488,794 BOED average sales (+6% YoY); G1/61 Erawan, G2/61 Bongkot drove the volume ramp; Myanmar Yadana (443 mmscfd), Zawtika (225 mmcfd) sit under EU/US/Swiss MOGE sanctions overhang.

Thai Oil (TOP): Refining Margin Cycle and Petrochemical Integration

Thai Oil (SET: TOP) posted FY2024 revenue of THB 455.86B and net income of THB 14.58B against a Singapore complex GRM averaging USD 5.0-6.0/bbl (vs USD 7.1/bbl in 2023).

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Thailand Oil & Gas Market Intelligence

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