Bangkok: Thai Oil, with a refinery capacity of 113%, will ensure Thailand's energy security. This was announced at the 2026 Annual General Meeting of Shareholders, and the company will proceed with full production capacity to meet domestic oil demand.
According to Thai News Agency, Thai Oil Public Company Limited held its 2026 Annual General Meeting of Shareholders on April 8, 2026. The company reported its 2025 operating results and approved a dividend payment for 2025 at a rate of 1.8 baht per share. After deducting the interim dividend of 0.8 baht per share, the remaining dividend for the second half of the year will be 1 baht per share.
Thai Oil Public Company Limited reported to the meeting that due to the global energy crisis that has occurred since the beginning of March 2026, the company has operated at full capacity, utilizing a maximum refinery utilization rate of 113% from a refining capacity of 275,000 barrels per day. The company is also accelerating its plans to source crude oil from other regions, such as Africa and the Americas, to replace crude oil from the Middle East, even though related costs such as crude oil premiums, transportation costs, and insurance have increased.
Furthermore, the company has increased its diesel production from the normal level of 18.7 million liters per day to 19.8 million liters per day to meet the growing domestic demand for fuel. The refinery's fuel depot remains open 24 hours a day to support the continuous distribution of products to service stations and wholesalers nationwide.
The company continues to closely monitor the situation, implement risk management measures, and plan for appropriate crude oil procurement to fully support the country's energy stability, while simultaneously generating suitable returns for shareholders for sustainable growth.
For the fiscal year 2025, the company reported a total net operating profit of 3,171 million baht. However, the company benefited from extraordinary items, including a gain of 4,042 million baht from the redemption of US dollar-denominated bonds and a gain of 7,371 million baht from the bargain acquisition of a joint venture in Singapore. This resulted in the group's total net profit reaching 14,584 million baht, achieved through efficient business operations, proactive operational plans, and effective risk management to address various situations, strengthening its financial position and maintaining its investment-grade credit rating.
The company's strategies include implementing asset management projects to maximize benefits, increasing financial liquidity through support from PTT in expanding the credit line used for purchasing crude oil, and reducing debt levels and optimizing the capital structure, including redeeming bonds and the early repayment of loans to financial institutions.