PETROVIETNAM OIL CORPORATION

PetroVietnam Oil Corporation (PVOIL) is one of Vietnam’s leading petroleum trading and distribution companies, playing a critical role in supplying crude oil, refined petroleum products, and energy logistics. As a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), PVOIL operates a vast nationwide distribution network, ensuring a stable fuel supply for domestic and industrial consumption.

Financial Strength and Market Performance

PVOIL has shown steady financial growth, with total assets reaching USD 1.6 billion in 2023, marking a 34.81% increase year-over-year​. However, total sales declined by 1.49% to USD 4.22 billion, reflecting the volatile global oil market. The company’s net profit stood at USD 25.53 million, experiencing a 14.08% decline compared to 2022, a result of fluctuating oil prices and market uncertainties. Despite these challenges, PVOIL maintains strong financial stability, with an equity of USD 468.06 million and a net worth of USD 408.25 million.

PVOIL’s ability to navigate energy market fluctuations is reinforced by its nationwide presence and international trade partnerships. The company is also publicly listed on the UpCOM stock exchange under the ticker OIL, attracting both local and foreign investors.

Core Business Operations and Market Reach

PVOIL’s business activities cover a broad spectrum of petroleum-related operations, including crude oil trading, petroleum refining, fuel distribution, and transportation logistics. The company is also involved in warehousing, wholesale fuel supply, and technical testing, ensuring compliance with global energy standards.

With headquarters in Ho Chi Minh City and major branches in Ba Ria - Vung Tau, Hue, and Ha Tinh, PVOIL effectively serves Vietnam’s growing energy demand, supplying petrol stations, industrial clients, and government energy projects.

A significant portion of PVOIL’s operations includes importing and exporting petroleum products, leveraging its global supply chain partnerships. The company’s long-term strategic goal is to expand its refining capacity, enhance energy storage solutions, and integrate renewable fuel sources into its portfolio.

Investment Intelligence and Risk Management

For businesses and investors evaluating PVOIL’s financial health, creditworthiness, and market potential, Vanguard Business Information LLC (VNBiS) offers comprehensive Company Credit Reports, Business Information, and Due Diligence Reports on companies in Vietnam. By conducting risk management assessments and corporate financial analysis, VNBiS provides essential insights into PVOIL’s investment viability, operational efficiency, and supply chain reliability.

VNBiS specializes in business intelligence solutions, helping financial institutions, investors, and energy corporations navigate Vietnam’s petroleum sector. With expertise in regulatory compliance, credit risk assessment, and market forecasting, VNBiS ensures that stakeholders can make informed decisions in Vietnam’s evolving energy landscape.

Future Outlook and Strategic Expansion

As Vietnam moves toward energy diversification and sustainability, PVOIL is positioning itself for long-term growth by investing in biofuels, energy efficiency technologies, and strategic partnerships with international oil firms. With a strong foundation in petroleum trading and logistics, the company remains a key player in Vietnam’s energy security and economic development.

For investors, energy companies, and businesses looking to analyze PVOIL’s financial standing or assess market risks, VNBiS provides trusted Due Diligence Reports, Company Credit Reports, and Market Intelligence services. By leveraging VNBiS’s expertise in risk management and financial insights, businesses can confidently explore opportunities in Vietnam’s dynamic oil and gas sector.