PVOIL 9-month revenue reaches $3.2 billion, exceeding 70% of the whole-year goal

In the first 9 months of the year, the main production and business targets met the goal decided earlier. In particular, PVOIL's petroleum and lubricant sales volume reached 3,022 thousand m3/ton, exceeding 21% of the 9-month plan and reaching 91% of the whole year plan in 2022.

Investment and development of retail petroleum stations have been actively implemented, bringing the total number of PVOIL's stations to 648 stores in the whole system.

Additionally, PVOIL keeps promoting comprehensive technology applications, automation, and digital transformation in order to boost company efficiency, enhance the customer experience, and establish competitive advantages in the marketplace.

Sales volume through the PVOIL Easy channel reached 71.5 thousand m3 in the first nine months of the year, completing 84% of the year plan, averaging 262 m3/day, up 27% from the daily average output in 2021.

Sales volume using PVOIL Easy in combination with non-cash payment options including Got It, MoMo, Viettel Money, VCB, HDBank, AirPay, and VNPT Money continues to develop well, with total production increasing by a factor of two to 9.8 thousand m3. The amount of transactions generated by clients using the PVOIL B2B application platform, which serves wholesale and industrial customers, has increased.

In the third quarter alone, PVOIL achieved VND22,835 billion in revenue, up 81% compared to the third quarter of 2021. The number of petrol stations of PV OIL reached 648 as of October 8.

At the end of the session 7/10, OIL share price stopped at VND10,000/share, losing half of its value within 8 months. Market capitalization of PV OIL is VND13,061 billion.