Petronas records RM152.4b revenue in first half of 2026
KUALA LUMPUR, Oct 30 — Petroliam Nasional Bhd (Petronas) recorded revenue of RM152.4 billion in the first half of...
Petronas, Malaysia's national oil company, reported a revenue of RM152.4 billion for the first half of 2026. This surge in earnings was attributed to increased domestic production and higher volumes of liquefied natural gas (LNG) sales. The government's Law and Institutional Reform Minister, Datuk Seri Azalina Othman Said, revealed that the company's increased realised prices for key products also played a significant role in the financial boost.
The rise in prices can be linked to the ongoing geopolitical crisis in West Asia, which has impacted oil markets globally.
Despite these positive factors, Petronas encountered higher costs in sales, primarily due to increased import and processing of crude oil. The company reiterated its commitment to maintaining stable operations and ensuring the security and sustainability of Malaysia's energy supply. Petronas' corporate social responsibility initiatives, which have been wide-ranging and inclusive, were also highlighted by Minister Othman Said.
Over 1,000 such initiatives have been carried out since 2020, targeting various demographics across the country, in line with Petronas' efforts to align with sustainable development goals. These initiatives have contributed to enhancing the quality of life and well-being of local communities.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
