PTT Group’s business strategy under the vision of “TOGETHER FOR SUSTAINABLE THAILAND, SUSTAINABLE WORLD” focuses on strengthening and enhancing competitiveness in Hydrocarbon business, which is PTT’s core business and area of expertise. In parallel with reducing greenhouse gas emissions and adapting to rapidly changing landscape. PTT’s upstream business aims to expand exploration and production fields in collaborations with partners and to ensure competitive costs, together with promoting the development of the Overlapping Claims Area (OCA) between Thailand and Cambodia to enhance national energy security. Power business will focus on stability in electricity production while also providing support for PTT’s group decarbonization. Downstream business will emphasize adaptation for partnerships and synergy reinforcement. Moreover, oil and retail intend to become a mobility partner for Thai people by optimizing investment portfolio to include substance and be asset-light, while maintaining market leadership.

          For non-hydrocarbon businesses, PTT will assess businesses in two perspectives; 1) The business must be attractive, and 2) PTT must have a right to play or strength which empower to build businesses along with partnerships. The electric vehicles (EV) business will focus on the EV charging station which aims to consolidate brands under PTT group and utilize OR nationwide ecosystem. Logistics will emphasize businesses relevant to PTT’s core operation that have captive demand, align with the group’s asset-light principle, and involve strong partners. In addition, life science business intends to access its own funding while also creating value for society.

          PTT Group plans to balance ESG within the organizational context, together with reducing carbon emissions to achieve Net Zero by promoting hydrogen and Carbon Capture Storage (CCS) projects. Integrative work will be carried across PTT Group with clearly defined roles and shared objectives to maximize the strengths of each company within the group in which PTT acts as the orchestrator for the overall effort.

          Additionally, PTT emphasizes continuous Operational Excellence (OpEx) to enhance its competitiveness and the operational efficiency of the entire group. PTT focuses on strengthening employee capabilities, maintaining core fundamentals, and upholding good corporate governance practices. PTT also strives for Financial Excellence, which is a key foundation for its business operations. PTT is committed to its mission of ensuring energy security and stability for the country, with the potential in developing with “Balanced Sustainability” across economics, society, environment, and good governance.

           “PTT is dedicated to sustainability across all aspects of its operations and is committed to a mission of energy security with the internationally recognized standards, gaining the trust of all stakeholders and propelling the nation’s economy while achieving our Net Zero aspiration. This commitment aims to propel the company towards sustainable global growth.”