PETROVIETNAM OIL PHU YEN JOINT STOCK COMPANY

PETROVIETNAM OIL PHU YEN JOINT STOCK COMPANY (Vietnamese: Công Ty Cổ Phần Xăng Dầu Dầu Khí Phú Yên, trading as PV OIL Phu Yen) stands as a regional fuel distributor operating within Vietnam’s energy framework, with a strategic presence in the south-central coast. Incorporated in 2009 with its headquarters in Tuy Hoa City, Phu Yen Province, the company has steadily contributed to the domestic oil and gas value chain for over 15 years.

PV OIL Phu Yen is a publicly held joint stock company, listed on the Hanoi Stock Exchange (HNX) under the symbol PPY, and operates under Business ID and Tax Code 4400114094. The company is majority-owned by PETROVIETNAM OIL CORPORATION, holding 67.13% of shares, with the remaining equity shared among institutional and individual Vietnamese investors. With a workforce of 300 employees, it operates branches across Binh Dinh, Gia Lai, and Khanh Hoa Provinces, serving fuel needs across a wide region.

In 2024, the company posted USD 183.2 million in revenue, a slight 1% increase from the previous year, showing modest but steady growth. Net profit reached USD 472,605, representing an 8.24% increase, following a significant decline in 2023. Despite a 11.28% drop in total assets, falling to USD 14.46 million, the company improved its equity position to USD 6.49 million, indicating prudent financial management.

From a risk management standpoint, PV OIL Phu Yen maintains a low-risk profile as a stable energy distributor. However, fluctuations in global fuel prices, regulatory pressures, and operational costs remain key challenges. Its working capital of USD 469,536, while improved by over 40%, is relatively thin compared to revenue size, and should be monitored closely.

As a fuel trading company with public shareholder visibility and involvement in strategic supply networks, PV OIL Phu Yen is an ideal subject for Business Verification Services and Vietnam Litigation Reports to ensure legal compliance and operational transparency. Investors and partners would also benefit from reviewing the company’s private financial data, especially when extending credit terms or entering into long-term distribution contracts. Furthermore, access to Risk Management Services is essential when evaluating the company's performance sustainability amid an evolving energy sector.

Despite regional scale and modest profits, PV OIL Phu Yen represents an important piece in Vietnam’s domestic fuel distribution ecosystem—steady, state-aligned, and capable of navigating supply fluctuations with the backing of the PETROVIETNAM network.