Oil and Gas Sector Forecast for Q2/2025: The entire industry reports substantial profits, but why did the two “giants” Petrolimex and BSR experience declines of 35% and 91%?

According to a forecast by Vietcombank Securities (VCBS), the oil and gas sector will see favorable profits in Q2/2025, thanks to upstream companies such as PTSC, PV Drilling, and PV Gas recording growth due to major projects and increased gas output. Meanwhile, the downstream sector faces pressure from falling oil prices and high inventory levels. BSR expects a 32% increase in revenue but a 91% decrease in profit due to the impact of high inventory prices. Similarly, PLX forecasts an 8% revenue increase but a 35% profit drop due to high costs from declining oil prices. Although BSR and PLX report positive revenue figures, profits are significantly affected by inventory issues and volatile oil prices. VCBS projects that both BSR and PLX will face less favorable financial results compared to the previous year.