PVEP reports significant growth in 2026 oil production and revenue

PVEP has reported its business results for the first nine months of 2026, showing significant growth in production and revenue. The company’s oil extraction volume reached 3.30 million tons, a 27% increase compared to the same period in 2025.

Financial indicators also showed positive trends, with total revenue reaching 42,406 billion VND, representing 114% of the management plan for the nine-month period and a 141% increase year-on-year. PVEP contributed 15,295 billion VND to the State budget, up 16% from the previous year.

Looking toward 2027, PVEP aims to maintain its core role in oil and gas exploration and production while seeking new investment opportunities and expanding its asset portfolio. The company is also prioritizing digital transformation, scientific innovation, and research into M&A opportunities.