- CEO
- Chaiwat Kovavisarach
- Full Time Employees
- 1,103
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- 2098 M Tower Building Bangkok BM Thailand 10260
- IPO Date
- Aug 2, 1994
- Business
- Bangchak Corporation Public Company Limited engages in petroleum refining, marketing, and sustainable energy businesses in Thailand and internationally. Founded in 1984 and headquartered in Bangkok, Thailand, the company operates two complex refineries, Bangchak Phra Khanong Refinery in Bangkok and Bangchak Sriracha Refinery in Chonburi, with a combined nameplate capacity of nearly 300,000 barrels per day; it produces gasoline, diesel, jet fuel, aviation fuel, biofuels including biodiesel and ethanol, bio-based products, petrochemicals such as paraxylene and solvents, and renewable electricity from solar, wind, hydropower, and natural gas. Bangchak distributes products through over 2,200 service stations nationwide under the Bangchak brand, supplemented by non-oil businesses including Inthanin Coffee outlets, lubricants, EV charging stations, and restaurants; it also conducts oil trading, operates oil terminals and seaports, invests in petroleum exploration and production via OKEA ASA in Norway, and pursues green power, bio-based products, and natural resources across 11 countries including Thailand, Cambodia, Laos, Singapore, Philippines, Norway, USA, Taiwan, Vietnam, China, and United Arab Emirates.
The company serves transportation, aviation, shipping, construction, industrial, and agriculture sectors, with marketing channels targeting retail consumers and commercial customers; it emphasizes sustainability through Bangchak Initiative and Innovation Center for green energy and bio-based innovations.
In recent developments, Bangchak completed the acquisition of 65.99% of Esso (Thailand) Public Company Limited from ExxonMobil in August 2023 for THB22.6 billion, rebranding over 700 Esso stations to Bangchak and expanding its network to more than 2,200 locations, which elevated its market share to 29.1% as Thailand's second-largest oil retailer; this integration generated over THB6 billion in synergies in 2024. In 2025, Bangchak launched a tender offer to acquire the remaining 18.3% of Bangchak Sriracha Public Company Limited (formerly Esso Thailand) through a share swap at a ratio of 6.5 BSRC shares per one BCP share, from October 24 to November 27, aiming for full integration into a single listed entity to enhance operational efficiency and eliminate dual listing; the company also produces Euro 5 low-sulfur fuels, B24 sustainable marine fuel certified under ISCC EU standards, and advances sustainable aviation fuel production.