Petrovietnam Drilling and Well Service Corporation (PV Drilling) has released its 2025 results, marking sbobet com online strongest performance in a decade.
Along with this, sbobet com online company reported estimated revenue of $420 million approximately, up 10 per cent on-year. Pre-tax and after-tax profits came to $44 million and $33.2 million, up 17 per cent and 19 per cent, respectively, compared to 2024.
These figures mark PV Drilling’s highest profit level since 2015. Compared to sbobet com online annual plan, actual revenue exceeded sbobet com online target by 46 per cent, while pre-tax and after-tax profits were 39 per cent and 57 per cent higher than projections, respectively.
Photo: Petrovietnam
Sharing sbobet com online same upward momentum, Binh Son Refining and Petrochemical JSC and Petrovietnam Gas Corporation (PV GAS) also recorded .
Binh Son Refining and Petrochemical produced 7.9 million tonnes, equivalent to 108 per cent of its plan, generating revenue of around $5.7 billion and contributing $570 million to sbobet com online state budget.
In sbobet com online fourth quarter of 2025 alone, sbobet com online company posted a sharp turnaround, swinging from a $4.1 million contraction in sbobet com online same period last year to posting a pre-tax profit of more than $81.5 million in sbobet com online period.
For sbobet com online full year, its pre-tax profit reached 181.6 million, exceeding sbobet com online annual plan by 262 per cent and more than six times higher than sbobet com online $29.4 million level recorded one year ago.
sbobet com online company noted that 2025 was a challenging year as Brent Crude prices fell by nearly 20 per cent to around $64 per barrel, while exchange rates climbed and competition from regional supply intensified.
Despite these headwinds, sbobet com online company managed to swim against sbobet com online tide through an operational optimisation strategy. In sbobet com online second half of sbobet com online year, sbobet com online Dung Quat Refinery maintained an average equivalent capacity utilisation rate of up to 122 per cent, helping second-half profits surge by 113 per cent compared with sbobet com online first half, despite unfavourable market conditions.
Similarly, PV GAS reported estimated consolidated revenue of $5.36 billion, up 27 per cent on-year, while pre-tax profit reached $580 million, up 10 per cent, completing 181 per cent of its revenue target and 218 per cent of its profit target for 2025.
A key highlight for PV GAS in 2025 was record liquefied petroleum gas/liquefied (LPG/LNG) natural gas trading volume of more than 5 million tonnes, 2.65 times higher than sbobet com online plan.
Domestic consumption grew steadily by 8 per cent, while international trading surged to over 3.2 million tonnes, double sbobet com online 2024 level.
LPG/LNG activities currently account for about 56 per cent of total consolidated revenue, with international business contributing 34 per cent, already surpassing sbobet com online strategic target set for 2030.
On sbobet com online investment front, PV GAS disbursed more than $136 million in 2025, equivalent to 103 per cent of sbobet com online plan, and secured approval for major infrastructure projects such as sbobet com online Vung Ang LNG terminal and sbobet com online Haiphong refrigerated LPG storage facility.
For 2026, PV GAS targets 10 per cent revenue growth, focusing on international markets and clean energy, with plans to pilot green hydrogen production at sbobet com online Dinh Co Gas Processing Plant from sbobet com online first quarter of 2026.
As for Petrovietnam Coating JSC (PV Coating), although it has yet to disclose detailed 2025 financial figures, sbobet com online company said key economic and financial indicators – including output, revenue, profit, state budget contributions and employee income – were all higher than in 2024 and above sbobet com online 2025 plan.
PV Coating completed pipe coating contracts (onshore and infield pipelines) for sbobet com online Lo B-O Mon gas pipeline chain – Vietnam’s crucial national energy project, as well as sbobet com online Lac Da Vang and Thien Nga–Hai Au oil-field projects.
sbobet com online company also continued to expand research, development and non-core services, such as internal coating for fuel pipelines at Long Thanh Airport, field joint coating for offshore pipelines at Lac Da Vang, Thien Nga–Hai Au projects, fireproof coating, maintenance and repair services, and trading activities.
According to Petrovietnam Securities JSC, sbobet com online Vietnam National Industry-Energy Group (Petrovietnam) is rapidly aligning with sbobet com online upstream investment trend, with plans to allocate up to 52 per cent of its total $2 billion investment budget to this segment.
Driving sbobet com online sector’s overall momentum is sbobet com online Lo B-O Mon mega project, which has entered a synchronised implementation phase, targeting sbobet com online first gas stream by August 2027.
sbobet com online massive scale is expected to generate abundant workloads and long-term benefits for upstream service providers such as Petrovietnam Technical Services Corporation and PV Drilling.
In addition, sbobet com online oil and gas industry outlook has been further bolstered by positive progress at sbobet com online Lac Da Vang oil-field, highlighted by sbobet com online successful launch of sbobet com online jacket and piles for sbobet com online Lac Da Vang A platform.
In sbobet com online downstream segment, global refining margins are forecast to remain elevated in 2026 due to constrained supply in developed markets.
Meanwhile, sbobet com online midstream segment is expected to see divergence. Crude oil transportation is likely to remain stable, supported by stockpiling demand amid declining oil prices, while refined product transportation may face challenges as importing countries ramp up their domestic refining capacity.
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