Moving forward, president and group CEO Datuk Tengku Muhammad Taufik said the group would continue to exercise prudent financial management and firm discipline in reinvesting.
The PAT nearly doubled from RM50.9bil a year earlier, enabling the national oil company to deliver a dividend of RM50bil to the federal government - its sole shareholder.
With Brent grade crude oil price averaging US$101.31 per barrel in 2022, some 43% higher than 2021, PETRONAS’ revenue increased by 51% year-on-year to RM375.3bil.Petronas posts higher Q4 profit, sees lower oil prices in 2023 Moving forward, PETRONAS president and group CEO Datuk Tengku Muhammad Taufik said the group will continue to exercise prudent financial management and firm discipline in reinvesting.
“To this end, PETRONAS must remain resolute in providing energy that is secure, affordable and accessible towards uplifting communities and supporting countries to achieve their net zero ambitions. “PETRONAS is determined to do this steadfastly through stronger partnerships with our stakeholders, partners, local oil and gas services and equipment players and customers across the globe,” he said during a press briefing on Monday.
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