PetroVietnam Oil Corporation – JSC (PV OIL, Stock Code: OIL, on UPCoM) has announced that August 22, 2025, is the record date for shareholders to be eligible for the 2024 cash dividend.
According to the plan, PV OIL will pay a dividend of 2.5% to shareholders in cash, meaning that for every 1 share owned, the shareholder will receive VND 250. The expected payment date is September 11, 2025.
With over 1.03 billion OIL shares currently circulating in the market, the company is estimated to spend nearly VND 258.6 billion on this dividend payment.
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As of June 30, 2025, the Vietnam National Oil and Gas Group holds 80.52% of PV OIL’s charter capital, equivalent to over 832.8 million OIL shares, and is expected to receive more than VND 208 billion in dividends this time.
In terms of business results, according to the consolidated financial statements for Q2 2025, PV OIL recorded net revenue of nearly VND 39,954.4 billion, up 15.1% over the same period last year. After deducting cost of goods sold, gross profit reached nearly VND 1,154.2 billion, a slight increase of 7.1%.
In addition, the company also earned nearly VND 229.5 billion in financial revenue, up 31.6% over the same period last year. In contrast, financial expenses decreased from nearly VND 141.6 billion to VND 102.9 billion.
In this period, PV OIL recorded a slight increase of 2.3% in selling expenses compared to the same period last year, reaching nearly VND 740.3 billion; and an increase in management expenses from VND 262.3 billion to VND 295.4 billion.
As a result, after deducting taxes and other expenses, PV OIL reported a net profit of nearly VND 200.8 billion, up 99.2% compared to Q2 2024.
For the first 6 months of 2025, PV OIL achieved net revenue of over VND 72,743 billion, up 13.1% over the same period in 2024; and after-tax profit was nearly VND 226.8 billion, down 34.3%.
In 2025, the company plans to achieve a profit after tax of VND 624 billion. Thus, after the first two quarters, PV OIL has completed 36.3% of the profit plan.
As of June 30, 2025, PV OIL’s total assets increased by 4.6% compared to the beginning of the year, reaching nearly VND 43,666.3 billion. Of which, held-to-maturity investments amounted to nearly VND 12,013.4 billion, accounting for 27.5% of total assets; short-term receivables of over VND 16,293.4 billion, accounting for 37.3% of total assets; and inventories of over VND 5,309.9 billion.
On the other side of the balance sheet, total liabilities were nearly VND 32,030.6 billion, down 5.8% from the beginning of the year. Of this, loans and finance leases accounted for VND 8,567.9 billion, or 26.7% of total liabilities; and short-term accounts payable to suppliers amounted to over VND 17,728.3 billion, or 55.3% of total liabilities.
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In the first half of the year, the company achieved a remarkable 93% surge in profits, surpassing its targets. This impressive performance also translated into a 13% excess in state budget contributions, further underscoring their success.
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On August 3, in Hanoi, Comrade Pham Minh Chinh, Politburo member, Secretary of the Government Party Committee, and Prime Minister of Vietnam, attended and directed the 4th Congress of the Party Committee of the Vietnam National Oil and Gas Group (Petrovietnam) for the 2025-2030 term.
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“The company has contributed significantly to the state budget, with an impressive submission of over 84.6 trillion VND in the first seven months of this year alone.”
