PVOIL made an impressive mark with 5 outstanding highlights in the first half of 2026

PVOIL Marks Impressive Achievements with Five Bright Spots in First Half of 2026

The first half of 2026 has witnessed unprecedented volatility in the global energy market. Geopolitical tensions have escalated, with ongoing conflicts in the Middle East threatening the vital maritime shipping lanes through the Strait of Hormuz. This has led to significant fluctuations in crude oil prices. Meanwhile, the global energy transition and stringent emission reduction requirements continue to reshape the energy sector worldwide. Against this backdrop, Vietnam's Petrovietnam Oil Corporation (PVOIL) has demonstrated remarkable resilience and growth, achieving five significant milestones that solidify its market position.

1. Exceptional Revenue Growth

PVOIL has reported extraordinary revenue growth during the first half of 2026, surpassing all previous records. Notably, revenue from gasoline and diesel business operations reached an all-time high, signaling a robust market recovery following a challenging period. This exceptional performance can be attributed to several factors: increased domestic demand, strategic pricing policies, and efficient inventory management that allowed the company to capitalize on favorable market conditions.

The company's diversified business model has proven effective during market volatility. While traditional fuel sales remain the core revenue driver, PVOIL has successfully expanded its high-margin businesses including lubricants, petrochemical products, and aviation fuel, contributing to the overall revenue growth.

2. Market Expansion and Distribution Network Enhancement

Recognizing the importance of market accessibility, PVOIL has significantly expanded its distribution network during the first half of 2026:

• The company has opened 50 new retail gas stations across Vietnam, increasing its total network to 250 outlets nationwide. These new stations are strategically located in high-traffic areas and underserved regions.
• PVOIL has established partnerships with major retail chains and convenience stores to introduce smaller-scale fuel retail points, enhancing accessibility for urban consumers.
• The company has expanded its presence in neighboring markets, particularly in Laos and Cambodia, through joint ventures with local partners.
• A digital platform for online fuel ordering and payment has been launched, improving customer experience and operational efficiency.

3. Strengthened Supply and Transportation Capabilities

In an environment characterized by oil price volatility and supply chain disruptions, PVOIL has made substantial investments in its infrastructure:

The company has completed the expansion of its storage facilities at key locations, increasing total storage capacity by 30%. These enhancements ensure a stable fuel supply during market fluctuations and seasonal demand peaks. Additionally, PVOIL has modernized its fleet of tank trucks with more fuel-efficient and environmentally friendly vehicles, reducing transportation costs while minimizing the carbon footprint.

To mitigate risks associated with international shipping routes, PVOIL has diversified its supply sources and established long-term contracts with multiple crude oil suppliers. This strategic approach has reduced dependency on any single source and enhanced the company's ability to maintain consistent supply to the domestic market.

4. Technology Innovation and Sustainable Development

PVOIL has demonstrated strong commitment to digital transformation and sustainability during the first half of 2026:

• The company has implemented five new technologies across its operations, including IoT-enabled monitoring systems for storage facilities, AI-powered demand forecasting, blockchain-based supply chain tracking, automated inventory management, and mobile payment solutions.
• PVOIL has launched several renewable energy projects, including solar power installations at its retail stations and administrative buildings, with a total capacity of 10MW.
• The company has introduced biofuel blends in its product portfolio, supporting Vietnam's goals to reduce carbon emissions in the transportation sector.
• PVOIL has established an innovation lab focused on developing next-generation fuel products and more efficient refining processes.

5. Enhanced Risk Management Framework

Navigating the volatile energy market requires sophisticated risk management strategies. PVOIL has significantly strengthened its risk management capabilities:

The company has implemented an advanced market analysis and forecasting system that utilizes big data analytics and machine learning to predict price trends and market movements. This system enables more informed decision-making regarding procurement, pricing, and inventory management.

Additionally, PVOIL has diversified its financial instruments to hedge against price volatility, including the strategic use of futures contracts and options. The company has also established a dedicated risk management team with expertise in energy market dynamics, geopolitical analysis, and financial risk assessment.

Summary of PVOIL's Operational Performance in First Half of 2026

These five key achievements underscore PVOIL's strategic vision and operational excellence. The company has successfully navigated a challenging global energy landscape while maintaining strong growth momentum. Looking ahead, PVOIL aims to further expand its renewable energy portfolio, enhance digital transformation across all business segments, and continue its international expansion strategy.

With its solid performance in the first half of 2026, PVOIL is well-positioned to capitalize on emerging opportunities in the evolving energy sector while contributing to Vietnam's sustainable development goals. The company's achievements demonstrate how traditional energy enterprises can adapt and thrive amid the global energy transition.