Bangchak 5-Year Strategic Plan to Double EBITDA by 2030

MGR Online•Economy•2d ago

Reader Briefing

Bangchak Group has launched a five-year strategic plan for 2027-2031 targeting 1 trillion baht in revenue by 2031.

•Bangchak Group aims to double its EBITDA by the year 2030.
•The strategy focuses on energy security and resiliency across five business groups.
•The group targets a total revenue of 1 trillion baht by the year 2031.
•Bangchak Group aims to achieve an international Investment Grade credit rating by 2031.

•Bangchak Group established a 5-year strategic plan spanning from 2027 to 2031.
•Bangchak Group restructured into five business groups to create value from fossil fuels to clean energy.
•Bangchak Group targets a 33% retail market share by 2031.
•Bangchak Group's Sustainable Aviation Fuel (SAF) business will begin commercial operations in May 2026.
•Bangchak Group reported an EBITDA of 43,763 million baht and a net profit of 18,383 million baht for the first half of 2026.
•Bangchak Group intends to increase production rates to approximately 100,000 barrels per day by 2031 through OKEA's expertise in Norway.
•Bangchak Group's total shareholder return from the start of the year until August 14, 2026, was 94%.
•Chaiwat Kovavisarach stated that the plan focuses on the quality of growth and long-term value for shareholders.

Full article content is available on the original source.

Bangchak(บางจาก)

An energy business group implementing a 5-year strategic plan to become a global energy leader.

Bangchak Corporation Public Company Limited(บริษัท บางจาก คอร์ปอเรชั่น จำกัด (มหาชน))

The public company known as BCP that is executing the energy security and resiliency strategy.

Bangchak Hong Kong(บางจาก ฮ่องกง)

A business unit with 31 service stations and oil depots serving as a base for growth in Hong Kong and the region.

OKEA

An entity providing expertise in managing petroleum assets in Norway.

A credit rating agency that Bangchak Group aims to receive an Investment Grade rating from by 2031.

Moody's(Moody’s)ℹ️

A credit rating agency that Bangchak Group aims to receive an Investment Grade rating from by 2031.

Chaiwat Kovavisarach(ชัยวัฒน์ โควาวิสารัช)

Chief Executive Officer of Bangchak Group and President of Bangchak Corporation Public Company Limited.

Hong Kong(ฮ่องกง)ℹ️

The location where Bangchak Hong Kong operates its service stations and oil depots.

Norway(นอร์เวย์)ℹ️

The country where OKEA manages petroleum assets.

Gulf of Thailand(อ่าวไทย)ℹ️

An area where Bangchak Group is establishing an operational base.

United States of America(สหรัฐอเมริกา)ℹ️

A location where Bangchak Group's power generation business has an operational base.