labels: BCP
BCP's Q2 profit grew 99% as its SAF business started generating revenue, boosting performance to 1.2 billion baht.
Bangchak's second-quarter profit surged to 12,239 million baht, a 99% increase from the previous quarter, after its Sustainable Aviation Fuel (SAF) business began recognizing its first EBITDA.Bangchak closes a $270 million deal to acquire Chevron Hong Kong, establishing "Bangchak Hong Kong" to expand its North Asian presence.
Bangchak announced the completion of its acquisition of all shares of Chevron Hong Kong Limited for US$270 million, and will rename the company “Bangchak Hong Kong.” Hong Kong will serve as its base for trade and commerce in North Asia, connecting its retail, trading, and marine fuel networks to support global expansion.BCP clarifies co-loading oil shipments to the Middle East and confirms full notification to the government.
BCP clarifies that it transported oil to the Middle East using a co-loading arrangement, confirming that it had informed government agencies from the beginning and explained the facts to the Minister of Energy.BCP emphasizes good governance as the foundation of decision-making at the shareholders' meeting on April 10.
BCP reiterates that good governance is the foundation of decisions at the shareholders' meeting on April 10, and affirms that it does not restrict the right to nominate or support any individual.Bangchak is preparing to provide clarification to the Minister of Energy after not participating in discussions on refining margins.
Bangchak clarifies it will not participate in refining margin discussions due to conflicting schedules, and is preparing to provide clarification to the Minister of Energy. It acknowledges the energy crisis has caused insurance premiums to skyrocket 100-fold, and affirms Thailand's energy stability, having already purchased crude oil in advance until June.Bangchak announces that a crude oil tanker from the Middle East has arrived at its Sriracha refinery port.
Bangchak announced that a tanker carrying 700,000 barrels of crude oil from the Middle East has arrived at its Sriracha refinery port, and the refining process is proceeding as planned.BCP backs down, reinstating voting rights for ACE, awaiting a ruling from a government agency before the shareholders' meeting on April 10th.
BCP backs down, reinstating voting rights for ACE on the company's regulations amendment issue, awaiting a ruling from a government agency before the shareholders' meeting on April 10th.BCP confirms that three oil depots in Surat Thani have been inspected and no irregularities or hoarding were found.
BCP confirms that its three oil depots in Surat Thani have been inspected by relevant agencies and no irregularities, hoarding, or leakage were found.Bangchak begins selling B20 diesel, an alternative for the transportation, fishing, and industrial sectors.
Bangchak has started selling B20 diesel, another option for transportation, fishing, and industrial businesses.Bangchak expects the acquisition of Chevron Hong Kong to have a payback period of 6-7 years, recognizing EBITDA of 750-1,000 million baht in 69.
Bangchak expects the acquisition of Chevron Hong Kong to have a payback period of 6-7 years, recognizing EBITDA of 750-1,000 million baht in 69. The company also plans to expand into the Asia-Pacific market, taking 5 years before deciding whether to maintain the Caltex brand or convert all its gas stations to Bangchak.
