Powering life with Future Energy and Beyond
E&P Performance
QoQ: Soften Net income mainly from higher oil price hedging losses despite improved operating performance
ptt
2021 VS 2020: Strengthen performance due to higher sales volume, selling prices, and extra gain on bargain purchase of Block 61
Product Prices
Sales Volume
KBOED
18%
૨૦૨
1% QoQ
11% YoY
▲20%
91.19
421
427
416
Liquid
383
61%
354
76.17
66.70
($/BBL)
I
123
116
51.35
112
119 Liquid
Weighted 56.59
46.87
10%
41.55
43.49
118
12%
Avg.
($/BOE)
I
40.38
38.92
6.07
298
311
271
297 Gas
Gas
5.81
4%
6.27
236
5.69
($/MMBTU) 5.61
9%
1Q21
4Q21
1Q22
2020
2021
1Q21
4Q21
1Q22
2020
2021
Net Income (100%)
MMUSD
1% QoQ
|
15% YoY
1,211
68%
720
376
321
318
1,479 Recurring
-
NI
781
282
513
570
94
(192)
(61)
1Q21
4Q21
(252)
1Q22
(268) Non-
recurring*
-
2020
2021
* Includes Gain/(Loss) on FX, Deferred tax from Functional currency, Current Tax from FX
Revaluation, Gain/(Loss) from Financial Instruments, Impairment loss on assets and etc.
QoQ
+ Normal operation: increased due to higher selling prices & sales volume and
lower unit cost
Non-operating items: primarily from higher oil price hedging losses
2021 VS 2020
+ Normal operation: significantly improved from higher sales volume & selling
prices with lower unit cost
Non-operating items: primarily from higher loss on oil price hedging and
impairment offset with gain on bargain purchase of Block 61
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