What happened?

Oil stocks are back in the spotlight recently.  The recent geopolitical developments in the Middle East have led to increased volatility in oil prices.  We have also seen a spike in the price of brent crude oil to above US$90 per barrel with concerns that there might be potential disruptions to supply with a further escalation of tensions in the Middle East. With higher oil prices, the Singapore Depository Receipt (SDR) of PT Exploration & Production (PTTEP) has seen gains of roughly 20% since the start of trading on SGX in May.  PTTEP reported its third quarter earnings on 27 October – Here are five things we learnt from its latest earnings report. 

What we learnt from PTTEP’s latest earnings 

#1 – Production volume grew compared to the previous year

PTTEP reported production volume of 467,452 barrels of oil equivalent per day (BOED) in the third quarter, a 5% increase compared to...