Bangchak 5-Year Strategy for 1 Trillion Revenue by 2031

Matichon•Economy•2d ago

Reader Briefing

Bangchak Group has launched a five-year strategic plan to become a global energy business with a revenue target of 1 trillion baht by 2031.

•Bangchak Group aims for 1 trillion baht in revenue and Fortune Global 500 status by 2031.
•The company restructured into five business groups to transition from fossil fuels to clean energy.
•Bangchak reported record-high performance in the first half of 2026 with an EBITDA of 43,763 million baht.
•Strategic targets include expanding the retail market share to 33% and increasing production to 100,000 barrels per day by 2031.

•Bangchak Group achieved a record EBITDA of 43,763 million baht and a net profit of 18,383 million baht in the first half of 2026.
•Bangchak Group restructured into five business groups at the beginning of the year to create value across the chain from fossil fuels to clean energy.
•Bangchak Group started commercial operations for Sustainable Aviation Fuel (SAF) in May 2026, generating approximately 1,000 million baht in EBITDA in quarter 2.
•Bangchak Group targets a 33% domestic retail market share and an increase in marine fuel market share from 13% to 25% by 2031.
•Bangchak Group intends to increase production to approximately 100,000 barrels per day (crude oil equivalent) by 2031 through OKEA's expertise in Norway and expansion in Southeast Asia.
•Bangchak Group targets adding no less than 500 megawatts of power generation capacity by 2031.
•Chaiwat Kovavisaruch stated that Bangchak Group aims for an Investment Grade corporate credit rating from S&P and Moody's by 2031.
•The total shareholder return for BCP from the beginning of the year until August 14, 2026, was 94%.

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Chaiwat Kovavisaruch

"Bangchak Group's 5-year strategic plan does not only target revenue of 1 trillion baht in 2031, but also emphasizes the quality of growth."

แผนยุทธศาสตร์ 5 ปีของกลุ่มบริษัทบางจากไม่ได้ตั้งเป้าไว้ที่เพียงรายได้ 1 ล้านล้านบาทในปี 2574 เท่านั้น แต่ให้ความสำคัญกับคุณภาพของการเติบโต

Chaiwat Kovavisaruch(ชัยวัฒน์ โควาวิสารัช)

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

Bangchak Group(กลุ่มบริษัทบางจาก)

An integrated energy company aiming to become a global energy business listed in the Fortune Global 500 by 2031.

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

The public company entity within the Bangchak Group.

Bangchak Hong Kong

A base for business expansion in the region with 31 service stations and oil depots in Hong Kong.

OKEA

An entity specializing in managing petroleum assets in Norway.

A credit rating agency.

Moody's(Moody’s)ℹ️

A credit rating agency.

Hong Kong(ฮ่องกง)ℹ️

The location of Bangchak Hong Kong's business base.

Norway(นอร์เวย์)ℹ️

The location of petroleum assets managed by OKEA.

Gulf of Thailand(อ่าวไทย)ℹ️

A region where Bangchak Group is establishing operational bases.

United States of America(สหรัฐอเมริกา)ℹ️

One of the countries where Bangchak Group has power generation operational bases.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A shipping route that faced limitations between the end of quarter 1 and early quarter 2 of 2026.