Surging international crude price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
ENEOS Corporation has just registered to buy 25 million shares of Viet Nam National Petroleum Group (Petrolimex, PLX). The deal is conducted through order matching on stock exchange between May 14 and June 22.
After the sale, carried out from June 16 to July 2, Petrolimex has reduced the number of treasury shares from more than 103 million to some 88 million shares.
The Viet Nam National Petroleum Group (Petrolimex or PLX) forecast a in both revenue and profit this year due to the decline in demand amid the COVID-19 pandemic.
