Dr. Kongkrapan Intarajang, Chief Executive Officer & President, PTT Public Company Limited (PTT) stated that PTT is ranked the first among Thailand's leading companies and the second-largest in the ASEAN region, according to the inaugural Fortune Southeast Asia 500 list. This first-ever ranking, based on financial performance in the fiscal year 2023 and strategic direction for organizational growth, highlights PTT's position among the foremost corporations in ASEAN.
Dr. Kongkrapan noted that PTT is proud to be the first rank in Thailand and the second-largest in Southeast Asia, underscoring the potential to enhance energy security, drive economic growth, and maintain a "balanced sustainability" approach through good governance, alongside social and environmental responsibility. This reflects a robust, multi-dimensional business strategy such as the development of the hydrocarbon business, which encompasses petroleum exploration and production, natural gas, electricity, petrochemicals and refining, oil and retail. Furthermore, PTT has ventured into new business operations, known as the New S-Curve, including electric vehicles (EV) business, logistics, life sciences, and industrial AI. The company has additionally embraced the sustainability approach, aiming at reducing greenhouse gas emissions and achieving the Net Zero goal.
Fortune is an internationally renowned business, economic, and financial magazine that first introduced the inaugural ranking of the world's largest companies (Fortune Global 500) in 1955, followed by the Fortune 500 Europe and more recently, the Southeast Asia 500. This is regarded as an indicator of success and business performance, including strategic directions to expand marketing opportunities, serving as another driving force for the global economy to thrive even further.