PTT Public Company Limited

PTT Public Company Limited
Native name
บริษัท ปตท. จำกัด (มหาชน)
Company typePublic
SETPTT
IndustryOil and gas industry
Founded29 December 1978; 45 years ago (1978-12-29) (as Petroleum Authority of Thailand)
Headquarters555 Vibhavadi Rangsit Rd, Chatuchak, Bangkok, Thailand
Key people
Auttapol Rerkpiboon
(President & CEO)[1]
Products
  • Oil
  • natural gas
  • petrochemical
RevenueDecrease US$ 90.4 billion (2023)[2]
Increase US$ 3.2 billion (2023)[2]
Total assetsUS$ 100.7 billion (2023)[2]
OwnerMinistry of Finance (51.1%)[3]
Number of employees
  • 4,616 (PTT)
  • 24,680 (subsidiaries)
ParentMinistry of Energy
Subsidiaries
Websitewww.pttplc.com Edit this at Wikidata

PTT Public Company Limited or simply PTT (Thai: บริษัท ปตท. จำกัด (มหาชน)) is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom, and it is involved in electricity generation, petrochemical products, oil and gas exploration and production, and gasoline retailing businesses.[4] The company also owns Café Amazon, a popular coffee chain throughout South East Asia, which shops are often located next to PTT gas stations or inside malls.

Affiliated companies include PTT Exploration and Production, PTT Global Chemical, PTT Asia Pacific Mining,[5] and PTT Green Energy.

On 15 December 2022, the world's largest institutional investor the Norwegian Government Pension Fund Global divested from PTT and its subsidiary PTT Oil and Retail Business PCL (PTTOR) due to "unacceptable risk that the companies contribute to serious violations of individuals’ rights in situations of war or conflict".[6]

  1. ^ "Executive". PTT. Retrieved 4 August 2016.
  2. ^ a b c "PTT". Fortune GLobal 500. Fortune. Retrieved 2024-08-24.
  3. ^ "Asia Nikkei: PTT". Nikkei. Retrieved 2016-08-03.
  4. ^ Google finance, PTT Public Company[dead link]
  5. ^ Robinson, Gwen (August 27, 2012). "PTT buys control of Sakari for S$1.2bn". Financial Times. Bangkok. Retrieved 12 September 2012.
  6. ^ "Decisions on observation and exclusion". 15 December 2022.