PTT Public Company Limited engages in the petroleum business. The company has invested in subsidiaries, joint arrangements, and associates, which are engaged in upstream petroleum and natural gas, downstream petroleum, new business and sustainability, and other related businesses.
Business Segments
The company is organized into several business segments based on the types of products and services it offers. The major segments include:
Upstream Petroleum and Natural Gas Business Group
This se...
PTT Public Company Limited engages in the petroleum business. The company has invested in subsidiaries, joint arrangements, and associates, which are engaged in upstream petroleum and natural gas, downstream petroleum, new business and sustainability, and other related businesses.
Business Segments
The company is organized into several business segments based on the types of products and services it offers. The major segments include:
Upstream Petroleum and Natural Gas Business Group
This segment encompasses the petroleum exploration and production business, which is conducted both domestically and internationally. The company acts as the operator and jointly invests with leading petroleum exploration and production companies. Most domestic projects are located in the Gulf of Thailand, while international projects span Southeast Asia, Australia, America, and Africa. Additionally, the natural gas business includes procurement, pipeline transmission, distribution, and natural gas separation, with products serving as feedstock for the petrochemical industry and fuel for various sectors.
Downstream Petroleum Business Group
This segment includes the oil and retail business, which focuses on marketing petroleum products and lube oil in both domestic and international markets. The company operates an efficient system for procurement, storage, and distribution of products, alongside a retail business at service stations. The international trading business within this segment involves the import and export of petroleum and petrochemical products, as well as price risk management and international chartering. The petrochemical and refining business includes refining operations and the production and distribution of petroleum and petrochemical products.
New Business and Sustainability Group
This segment has restructured its corporate governance to focus on developing new businesses in non-hydrocarbon sectors while managing sustainability. This includes an emphasis on decarbonization to achieve the company's Net Zero Emission target. The New Business and Sustainability Group aims to expand into various sectors, including power, electric vehicles, life sciences, and logistics. The company is also exploring opportunities in Carbon Capture and Storage, Carbon Capture and Utilization, and hydrogen-related technologies.
Business Strategy
The company’s strategy is centered around sustainable growth and innovation across its various business segments. The company aims to enhance its efficiency and expand its market presence while focusing on sustainability and environmental responsibility. The company is committed to investing in new technologies and business models that align with global trends towards decarbonization and renewable energy sources. The company’s strategic initiatives include diversifying its portfolio to include non-hydrocarbon businesses, which will help mitigate risks associated with fluctuations in the oil and gas markets.
The company also emphasizes the importance of research and development to drive innovation and improve its product offerings. By investing in R&D, the company seeks to develop new technologies that can enhance efficiency and reduce environmental impact. The company’s focus on sustainability is reflected in its commitment to achieving Net Zero Emissions, which involves exploring opportunities in renewable energy, electric vehicles, and other sustainable practices.
Furthermore, the company aims to strengthen its partnerships and collaborations with other industry players, research institutions, and government agencies to foster innovation and drive growth. By leveraging its extensive network and resources, the company is well-positioned to capitalize on emerging opportunities in the energy sector and beyond.
Products and Services
The company offers a wide range of products and services across its various business segments. In the upstream petroleum and natural gas sector, the company engages in the exploration and production of crude oil and natural gas, providing essential resources for energy generation and industrial applications. The natural gas business includes the procurement, transmission, and distribution of natural gas, which serves as a critical feedstock for the petrochemical industry and a fuel source for households and industries.
In the downstream petroleum sector, the company markets a variety of petroleum products, including gasoline, diesel, and lubricants. The retail business operates service stations that provide fuel and convenience store services to consumers. The international trading business facilitates the import and export of petroleum and petrochemical products, ensuring a steady supply of essential resources to meet market demands.
The petrochemical and refining business produces a diverse range of petrochemical products, which are used in various industries, including plastics, chemicals, and textiles. The company’s new business initiatives focus on developing innovative solutions in non-hydrocarbon sectors, such as renewable energy, electric vehicles, and life sciences, contributing to a more sustainable future.
Geographical Markets Served
The company operates in various geographical markets, with a significant presence in Southeast Asia, Australia, America, and Africa. The company’s upstream petroleum and natural gas operations are primarily focused on the Gulf of Thailand, while its downstream petroleum and petrochemical businesses extend to both domestic and international markets.
Customers
The company serves a diverse range of customers across various sectors, including industrial, commercial, and retail markets. The customer base includes businesses in the energy, manufacturing, transportation, and retail sectors, among others.
Sales and Marketing
The company employs a multi-faceted approach to sales and marketing, utilizing various channels to reach its customers effectively. The company’s marketing strategies include traditional advertising, digital marketing, and promotional campaigns to enhance brand awareness and drive sales. The company also leverages its extensive distribution network to ensure that its products are readily available to customers across different markets.
History
PTT Public Company Limited was founded in 1978. The company was incorporated in 2001.