{
  "id": 3947716,
  "title": "Petronas reports higher H1 profit and revenue",
  "url": "https://urgent.news/2026/08/28/petronas-reports-higher-h1-profit-and-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T10:59:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/petronas-reports-higher-h1-profit-and-revenue"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR — Malaysian state energy company Petronas disclosed on Friday that its revenue and profits for the first half of 2026 increased, but cautioned about the volatile global energy scene due to geopolitical tensions and an ongoing conflict in the Middle East. The firm, known as Petroliam Nasional Bhd, reported a 15 percent rise in revenue to RM152.4 billion (US$37.89 billion) for the six months ending June 30, compared to RM132.6 billion in the previous year. Its post-tax profit for the same period was RM27.2 billion (US$6.76 billion), up from RM26.2 billion in the same period last year, the company announced. The revenue boost was attributed to improved domestic oil output, higher sales of liquefied natural gas and processed gas, as well as better average prices for its main products. Petronas cautioned that global volatility would persist in shaping prices, trade, and costs, posing challenges and cost pressures across its value chain. Despite these difficulties, the company maintained its financial and operational prudence, reinforced its upstream operations, broadened its liquefied natural gas supply facilities, and strengthened its new energy offerings, CEO Tengku Muhammad Taufik Tengku Aziz stated. The upstream division reported a profit after tax of RM28.11 billion for the first half, up from RM16.5 billion in 2025. The firm's gas and maritime sector recorded a profit of RM16.7 billion, while the downstream segment suffered a net loss of RM15.2 billion. Petronas invested RM41.4 billion during the period, primarily due to additional funding for its Pengerang Refining Company and Pengerang Petrochemical Company joint venture, along with investments in exploration and development in the upstream sector. The company also reported a minor reduction in greenhouse gas emissions for the first half of 2026, standing at 26.80 million tons of carbon dioxide equivalent, compared to 26.82 million tons in the same period of the previous year.",
  "summary": "It warns of uncertain energy landscape",
  "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."
}