KUALA LUMPUR : Malaysia's state oil firm Petronas, or Petroliam Nasional Berhad, on Wednesday logged a first-quarter profit and said it anticipates moderating oil and gas prices to squeeze its profitability this year. Its post-tax profit during the three-month period rose to 23.8 billion ringgit ($5.17 bi
KUALA LUMPUR : Malaysia's state oil firm Petronas, or Petroliam Nasional Berhad, on Wednesday logged a first-quarter profit and said it anticipates moderating oil and gas prices to squeeze its profitability this year.
Revenue rose to 90.4 billion ringgit compared with 78.2 billion ringgit in the same quarter last year, but dropped 15 per cent from the fourth quarter of 2022. "Oil and gas prices are expected to moderate due to continued economic uncertainties, hence lower profitability is anticipated compared to last year," the firm said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia's Petronas posts first quarter profit, revenue rises(Corrects headline and third paragraph to show revenue rose in Q1 year-on year, but dropped from the previous quarter)KUALA LUMPUR : Malaysia's state oil firm Petronas, or Petroliam Nasional Berhad, on Wednesday logged a first quarter profit and said it will continue to maintain a cautious outlook for 20
Read more »
Britain bans Shell, Repsol and Petronas greenwashing adsTargeted campaigns emphasised the oil companies’ ambitions on renewable energy. Read more at straitstimes.com.
Read more »
Malaysia’s communications regulator mulls action against messaging app TelegramKUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) is considering taking action against messaging app Telegram due to cybercrime cases associated with the platform. The regulator’s chief compliance officer Zulkarnain Mohd Yasin was quoted as saying by the New Straits Times
Read more »
Car chase in Johor: Malaysia police arrest 2 men suspected of posing as copsJOHOR BAHRU: Police in Malaysia have arrested two men who are suspected to have posed as police personnel and mounted an expressway car chase in which they allegedly tailed a driver who
Read more »
Malaysia's end-May stockpiles seen higher as output jumps to highest this year: Reuters pollKUALA LUMPUR : Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.Stockpiles are forecast to rise 6.8 per cent from April to 1.6 million tonnes, snapping a three-month dec
Read more »
Police investigating Kedah chief minister for claiming state’s ownership of Penang: Malaysia PM AnwarKUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim on Tuesday (Jun 6) said that the police have launched an investigation against Kedah Chief Minister Muhammad Sanusi Md Nor over his alleged claims that Penang falls under Kedah's ownership. Mr Anwar said that he received a report from the police against
Read more »