CPC Targets NT$8 Billion Profit in 2026 After Six Years of Losses
CPC aims for a pre-tax profit of NT$8 billion (US$258 million) in 2026, ending six years of losses. Last year, CPC reported a pre-tax loss of NT$9.1 billion, with accumulated losses reaching NT$80.4 billion. Factors like stabilized global crude oil and natural gas prices, along with government measures to adjust oil and gas prices, are expected to support this target. CPC is also pursuing a NT$350 billion capital increase plan and developing sustainable aviation fuel (SAF) to reduce emissions and improve energy efficiency.
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CPC aims to achieve a pre-tax profit of NT$8 billion (US$258 million) in 2026, marking the end of six consecutive years of losses. Last year's pre-tax loss was NT$9.1 billion, with total accumulated losses at NT$80.4 billion.
Stabilization of global crude oil and natural gas prices is anticipated to ease cost pressures. The government has partially raised oil and natural gas prices to help reduce CPC's deficits. CPC proposed a NT$350 billion capital increase plan to support its natural gas infrastructure and net-zero transition. The company is also developing sustainable aviation fuel, targeting 12,000 tonnes annual output by June 2026.
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