Petronas net profit for Q2 up 8pc to RM14.7b | Malay Mail

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Petronas net profit for Q2 up 8pc to RM14.7b

Revenue for the quarter was RM59.1 billion, a marginal decrease from RM59.2 billion, mainly due to lower average realised prices for petroleum products and liquified natural gas . — AFP pic

Lower revenue for the quarter was offset by higher sales volume for crude oil and condensates, as well as LNG, coupled with the effect of the weakening ringgit against the US Dollar. “Our growth journey will continue to be guided by our three-pronged strategy and we will progress with our efforts to build the organisation's resilience in facing anticipated prolonged market volatility and the changing of the energy landscape,” he said in a statement today.

 

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