Thai Oil changes board lineup and Thai Oil stock sits 8.84 percent below its high

Published on 10/02/2026 at 02:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thai Oil posted THB 134.97 billion revenue in the second quarter, up 10.22 percent. For Thai Oil stock, net income fell to THB 8.28 billion.

Thai Oil, TH0796010013, Illustration mit AI erstellt.

Thai Oil (ISIN TH0796010013) announced board and committee changes effective October 1, 2026, while second-quarter revenue reached THB 134.97 billion, up 10.22 percent from the previous quarter. MarketScreener reported the board and committee change on September 22, 2026.

Board changes meet weaker profit

The governance change arrived alongside a sharp sequential earnings slowdown. Investing.com reported second-quarter net income of THB 8.28 billion, down 57.48 percent from THB 19.48 billion in the first quarter.

Revenue moved in the opposite direction, rising from THB 122.46 billion in the first quarter to THB 134.97 billion in the second quarter. Earnings per share fell to THB 3.71 from THB 8.72 over the same periods, putting the revenue increase and profit contraction side by side.

Refining scale remains central

Thai Oil describes an integrated energy and chemicals business built around oil refining, petrochemicals, power generation and related products. Its refinery has capacity of 275,000 barrels per day, giving operating scale to the core business while refining margins remain a key earnings variable.

The latest figures show why revenue alone gives an incomplete view of the company. A 10.22 percent sequential revenue increase coincided with a 57.48 percent decline in net income, so margin and spread conditions matter more than sales growth when assessing the second-quarter performance.

SET price stays below yearly high

Thai Oil was last at THB 67.00 on the SET on October 1, 2026 at 4:39 p.m. ICT, versus THB 66.50 at the prior session and within a 52-week range of THB 33.00 to THB 73.50. The price stood 8.84 percent below the 52-week high, leaving the market valuation tied closely to the next earnings trend.