Oil and Gas Industry Forecast Q2/2025: Whole Sector Reports High Profits, Why Did Two “Giants” Petrolimex and BSR Drop by 35% and 91%?

According to VCBS’s forecast, oil companies will report promising business results in Q2/2025, with upstream firms like PVS, GAS, and PVD seeing substantial growth in revenue and profits. PTSC is projected to reach 5.986 trillion VND in revenue and 239 billion VND in net profit. Similarly, PVD is expected to earn 2.425 trillion VND and 236 billion VND in profit. However, the two major downstream giants, BSR and PLX, reported significant profit declines due to falling oil prices and high inventory. BSR forecasts revenue of 32.295 trillion VND but a profit drop of 91%, down to 72 billion VND. PLX anticipates 79.264 trillion VND in revenue but a 35% drop in profit to 836 billion VND. Despite the challenges, both BSR and PLX still hold some hope due to increasing production and recovery in financial activities.