PETRONAS 2Q NET PROFIT FALLS 29 PCT TO RM16.4 BLN, OIL & GAS PRICE SEEN REMAINING VOLATILE
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2023-08-30 10:34
PETRONAS 2Q NET PROFIT FALLS 29 PCT TO RM16.4 BLN, OIL & GAS PRICE SEEN REMAINING VOLATILE
By Siti Radziah Hamzah KUALA LUMPUR, Aug 30 (Bernama) -- Petroliam Nasional Bhd's (Petronas) net profit fell 29 per cent to RM16.4 billion in the second quarter ended June 30, 2023 from RM23.0 billion in the previous corresponding period as lower oil prices weighed on the national oil company's bottom line.  Revenue for the quarter decreased by 13 per cent to RM 79.9 billion amid a low-price environment compared to the second quarter of 2022. bootstrap slideshow For the first six months of the year, Petronas' net profit decreased 13 per cent to RM40.

https://www.bernama.com/en/business/news.php?id=2221071

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