(From left) Representing PETRONAS, Datuk Adif Zulkifli and Marina Taib, and representing ENEOS Xplora, Yasuhiko Oshida and Jotaro Tomoeda during the virtual signing ceremony.
Petroliam Nasional Bhd (Petronas) reported an 18 per cent drop in net profit to RM45.4 billion for the financial year ended Dec 31 2025, driven by lower revenue from reduced oil prices, sales volume and foreign exchange impacts, the company said on 27 Feb 2026.
Despite the decline, Petronas highlighted improved cost management and operational optimisation efforts, along with plans to expand its upstream footprint with new offshore Sabah blocks.
Internationally, the group is strengthening its presence across Suriname, Guyana, the Middle East and Southeast Asia, while maintaining focus on lower-carbon solutions and value-accretive investments.
The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
This website uses cookies.