PTT’s development strategy - action plan to 2024

  • Ta Hien Trang
  • Nguyen Thuan Yen
Keywords: 3D strategy, PTT, PTTEP, PTTGC

Abstract

PTT Public Co., Ltd. implements a 3D strategy with the objectives of focusing on business growth as well as working towards sustainable development, ensuring long-term benefits of stakeholders. Specifically, PTT focuses on improving its competitiveness, promoting technological innovations to reduce costs and increase profits; investing in infrastructure and expanding related fields which have the potential to create added value domestically and abroad; pursuing new business and investment opportunities to guarantee long-term growth.

In early 2020, with the double impact of the oil price crisis and COVID-19 pandemic, PTT adjusted its strategy to cope with the negative impacts, showing flexibility, timeliness and effectiveness in strategy planning. The article introduces PTT's strategy to 2024, with the goal of becoming a multinational energy company, integrating energy trading and petrochemical production.

References

[1] PTT Public Company Limited, “PTT vision, missions and values”, 18/5/2020. [Online]. Available: https://www.pttplc.com/en/About/About-Ptt/Vision-Mission-Values.aspx.
[2] Fortune, “Fortune Global 500”, 18/5/2020. [Online]. Available: https://fortune.com/global500/2019/ptt/.
[3] PTT Public Company Limited, “Management discussion and analysis 1Q2020”, 2020. [Online]. Available: https://investor.pttgcgroup.com/misc/MDNA/20200508-pttgc-mdna-1q2020-en.pdf.
[4] PTT, “Thailand Corporate Day 2020 in Malaysia with Maybank Kim Eng”, 2020.
[5] PTT Public Company Limited, “Annual Report 2019”, 2019.
[6] PTT Public Limited Company, “PTT News”, 17/1/2020. [Online]. Available: https://www.pttplc.com/en/Media/News/Content-4930.aspx.
[7] “PTT books losses, cuts investment”, 11/5/2020. [Online]. Available: https://www.bangkokpost.com/business/1916260/ptt-books-losses-cuts-investment.
[8] PTTEP, “Investor presentation non deal roadshow”, 2/2020.
[9] PTTGC, “Thailand coporate day BAML & Phatra”, 2019.
Published
2020-07-20
How to Cite
Ta Hien Trang, & Nguyen Thuan Yen. (2020). PTT’s development strategy - action plan to 2024. Petrovietnam Journal, 7, 49 - 57. https://doi.org/10.25073/petrovietnam journal.v7i0.327
Section
Articles