{
  "id": 327752,
  "title": "BCP post record Q2 profit driven by oil rally, refining margins and SAF",
  "url": "https://urgent.news/2026/08/07/bcp-post-record-q2-profit-driven-by-oil-rally-refining-margins-and-saf",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T03:50:19.000Z",
  "source": {
    "name": "Thai Enquirer",
    "slug": "thai-enquirer",
    "url": "https://www.thaienquirer.com/72798/bcp-post-record-q2-profit-driven-by-oil-rally-refining-margins-and-saf/"
  },
  "original_language": "en",
  "account": "Bangchak Corporation Plc (SET: BCP) reported an impressive Q2 profit of 12.24 billion Baht, more than doubling the previous quarter and marking a significant recovery from a 2.56-billion Baht loss the previous year. The company's revenue increased by 46% year-on-year to 183.55 billion Baht, while EBITDA rose to 25.97 billion Baht, showcasing strong performance across its refining, upstream, trading, and marketing divisions. Core profit amounted to 12.20 billion Baht, with earnings per share reaching 8.34 Baht.\n\nThe favorable operating environment for energy producers was driven by soaring crude oil prices and refining margins, which surged following supply disruptions caused by Middle East tensions. Bangchak's average operating gross refinery margin remained strong at $18.41 per barrel, and the company benefited from a substantial reduction in unrealized hedging losses that had negatively impacted first-quarter earnings. Higher realizations in oil and gas prices further bolstered earnings from its upstream business, while the trading arm expanded crude and petroleum product volumes.\n\nA significant milestone for Bangchak was the launch of Thailand's first dedicated Sustainable Aviation Fuel (SAF) production facility in May. The plant operated at an average capacity of 680,000 barrels per day and sold 39 million liters of SAF during the quarter, generating EBITDA for the first time. This new venture provides a promising growth engine for the company as demand for low-carbon aviation fuels continues to rise globally.\n\nLooking ahead, Bangchak anticipates further growth in the second half of the year following the completion of its acquisition of Chevron Hong Kong. This expansion will add 31 service stations, an oil terminal, and a marine jetty, strengthening the company's downstream presence in North Asia. The successful integration of the acquired assets has already resulted in synergy gains of 5.6 billion Baht in the first half of the year. Additionally, Bangchak's inclusion in the SET50 Index and its robust balance sheet position are expected to support future expansion initiatives. For the first half of 2026, the company reported revenue of 326.08 billion Baht and net profit of 18.38 billion Baht. Shares of BCP were trading higher in the morning session following the announcement of these impressive results.",
  "summary": "Bangchak Corporation Plc (SET: BCP) reported a strong second quarter, posting a net profit attributable to shareholders of 12.24 billion Baht, almost double the previous quarter and a sharp turnaround from a 2.56-billion Baht loss a year earlier. Revenue rose 46% year-on-year to 183.55 billion Baht, while EBITDA surged to 25.97 billion Baht, reflecting stronger […] The post BCP post record Q2…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}