{
  "id": 13128243,
  "title": "Petronas to Raise Malaysia Dividend 19% to $7.8 Billion for 2027",
  "url": "https://urgent.news/2026/10/09/petronas-to-raise-malaysia-dividend-19-to-7-8-billion-for-2027",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T13:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Petronas-to-Raise-Malaysia-Dividend-19-to-78-Billion-for-2027.html"
  },
  "original_language": "en",
  "account": "Petronas, the state-owned energy company in Malaysia, plans to increase its dividend to the Malaysian government by 19% in 2027, raising it to $7.8 billion. This decision comes as oil prices have risen, boosting the company's profits. According to Malaysia’s Ministry of Finance, government revenue is expected to grow by 4.7% in 2027. Assuming stable global crude oil prices, Malaysia anticipates its petroleum-related revenue to reach $15 billion, or 61.2 billion Malaysian ringgits, next year. Petronas is set to contribute $7.8 billion to Malaysia’s budget in 2027, up from $6.6 billion for this year. For 2026, Petronas' contribution to Malaysia’s budget is projected to drop to 15.1% of total revenue due to a lower dividend, despite a higher average global crude oil price of $85 per barrel. In 2025, the company's contribution to the budget was expected to fall by 38%, reaching the lowest level since 2017, as oil prices were falling. However, the dividend contribution was revised upwards from $5 billion to $6.6 billion due to a surge in oil prices in 2026 following the Iran war and the closure of the Strait of Hormuz. Petronas' revenues increased by 15% in the first half of 2026 compared to the previous year, thanks to higher domestic production and LNG exports, as well as soaring energy prices. The company has also launched Searah, a new upstream company jointly owned with Italy’s Eni to explore discoveries in Malaysia, Indonesia, and Suriname. Additionally, Petronas has diversified its long-term LNG supply arrangements through strategic partnerships.",
  "summary": "State-owned energy giant Petronas will boost the dividend it owes the Malaysian government by 19% in 2027 as oil prices soar and raise profits at the company. Malaysia’s Ministry of Finance estimated in its 2027 budget unveiled on Friday that government revenue is estimated to rise 4.7% next year. Assuming average global crude oil prices remain stable in 2027, Malaysia expects its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}