📋 Tender Overview
On April 24, Vietnam Petroleum Group (Petrolimex - stock code: PLX) held the 2026 Annual General Meeting of Shareholders. In 2025, in the context of strong fluctuations in the energy market due to geopolitics, oil prices and energy transition trends, Petrolimex still completed and exceeded business targets. Download Vietnam Petroleum Group (Petrolimex - stock code: PLX) organizes the 2026 Annual General Meeting of Shareholders. Reporting at the Congress, Mr. Luu Van Tuyen, General Director of Petrolimex, said that in 2025, in the context of strong fluctuations in the energy market due to geopolitics, oil prices and energy transition trends, the Groups operations still completed and exceeded business targets. Completing and exceeding business targetsThe Congress considered methods. Profit distribution project in 2025 with total profit after tax of nearly 1,967 billion VND. Of which, Petrolimex plans to allocate more than 408 billion VND to the development investment fund, and at the same time pay dividends at a rate of 12%, equivalent to about 1,524 billion VND. Entering 2026, Petrolimex sets a sales output target of about 19.4 million m3/ton, an increase of 10% compared to 2025 performance; Consolidated revenue is expected to reach 315,000 billion VND. Planned pre-tax profit is at VND 3,380 billion, reflecting a cautious orientation in a volatile market context. The Board of Directors said that 2026 will be a pivotal year in the new phase development strategy, with a focus on comprehensive transformation according to three pillars: digital transformation, green transformation and organizational model transformation. Petrolimex aims to develop according to the model of a modern energy corporation, gradually participating more deeply in the field of clean energy and new business models. In addition, the Group continues to improve the quality of management, optimize the distribution system, develop value-added services at petroleum stations, and strengthen its leading position in the market in the field of petroleum business. Efforts to maintain petroleum supply At the Congress, shareholders had questions to ask the Presidium What solutions does the Group have to both ensure stable petroleum supply and maintain business efficiency in the current context of fluctuations and high oil prices? Chairman of the Board of Directors Pham Van Thanh said that developments in the Middle East recently have not only increased oil prices but also put pressure on supply, logistics costs and the ability to ensure supply for the entire market because petroleum is an essential commodity and an input for many different production industries. Faced with that situation, Petrolimex has taken ownership. Do not wait for the market to be difficult before reacting, but be proactive early and from afar. Implement the instructions of the Politburo, the Prime Minister and ministries and branches on ensuring supply in all situations. As a large corporation, leading the market in petroleum supply, providing fuel for the economy, people and businesses, the Group has synchronously deployed many solutions such as maintaining high inventory levels, contacting dozens of suppliers globally to ensure petroleum supply. Through the reality of times when the market is in a petroleum crisis, it can be seen that Petrolimexs biggest advantage is not market share, but real infrastructure capacity, dispatch capacity and ability to carry the load. responsible for ensuring national energy security. With nearly 50% of the domestic market share, more than 2,800 directly owned stores, more than 5,000 points of sale throughout the system, a total warehouse capacity of more than 2.2 million m3, nearly 600 km of pipelines and a fleet with a total tonnage of more than 500,000 DWT, Petrolimex has the foundation to keep the supply chain from breaking in all situations. When the market changes Petrolimexs role is to keep the economys petroleum supply stable, not for short-term benefits. But that is not opposed to shareholder interests. On the contrary, it is the ability to maintain the market, maintain supply, and maintain trust in difficult times that creates Petrolimexs position, reputation and long-term value. The problem is not only responding to short-term fluctuations, but the bigger problem is to consider this crisis event as a strategic warning. A sustainable energy security structure does not only rely on situational responses but must also be based on a sufficiently diverse supply, strong enough reserves and efficient energy use. The first quarter of 2026 may lose up to 1,000 billion VND due to the impact of the Middle East conflict. Regarding how the Middle East conflict will impact the business results of enterprises in 2026? General Director Luu Van Tuyen information: From February 28, developments in China The conflict between the US, Israel and Iran has caused oil prices to fluctuate very abnormally. Brent oil prices increased sharply, and finished oil prices also fluctuated at unprecedented levels. Historically, there were times when oil prices increased by up to 50 USD/barrel in just one day. Market surcharges for some products also amounted to 30-35 USD, even 37 USD/barrel, at times the price of finished oil reached about 292 USD/barrel. Not to mention market fees increased sharply compared to February, at times reaching more than 300%. However, in April, the price began to decrease, currently down to about 140 USD/barrel. This lVery unusual and unprecedented changes. These unusual changes greatly affect business results. With the above erratic fluctuations in gasoline prices, first quarter gasoline business results may record a loss of over 1,000 billion VND. However, other areas still have positive results. We determine that this is a difficult period, but the Board of Directors is determined to make maximum efforts to ensure shareholder rights. Although profits may not be equal to 2025, the Group still maintains its goal and ha
