PETRONAS revenue up, profit down as foreign exchange boosts revenue, but higher taxes hit profit
PETRONAS, Malaysia’s state-owned energy giant, reported a revenue increase to RM171.7 billion (approximately USD 36.06 billion) for the first half of 2024 (1H 2024), up from RM169.0 billion (USD 35.49 billion) during the same period last year. This slight rise was primarily driven by the impact of foreign exchange rates, partially offset by lower average […]