Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings
PETRONAS saw revenue surge 15% to RM152.4 billion in the first half of 2026 as higher domestic production, stronger LNG and processed gas sales and improved realised prices helped the national oil company withstand a volatile global energy market. Th...
Petronas, Malaysia's national oil company, reported a 15% increase in revenue to RM152.4 billion for the first half of 2026, driven by enhanced domestic production, stronger LNG and processed gas sales, and improved realized prices. Despite the volatility in the global energy market, Petronas managed to maintain a profit after tax of RM27.2 billion, a 4% rise from the same period last year, and an EBITDA of RM56.8 billion.
Revenue grew by RM19.8 billion from RM132.6 billion, although this was partially offset by unfavorable foreign exchange movements. The company invested heavily, with capital expenditure reaching RM41.4 billion, which included additional capital injections in downstream segment companies and upstream exploration and development. Petronas' equity increased to RM449.1 billion, despite a RM20 billion dividend to shareholders.
The company's President and CEO, Tan Sri Tengku Muhammad Taufik, emphasized energy security and strategic investments as Petronas navigated the volatile market and geopolitical tensions. Looking ahead, Petronas remains committed to financial discipline, operational strength, and sustainable growth amid a challenging and uncertain global energy landscape.
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