Petronas reports a significant profit drop due to divestments, currency issues, and low oil prices.

Petronas, Malaysia's state oil firm, reported a 19% drop in profit to 26.2 billion ringgit for the first half of 2025, with revenue down 24% to 132.6 billion ringgit. The decline is due to the divestment of the Engen Group, unfavorable exchange rates, and lower oil prices. Petronas expects ongoing global issues to keep oil prices low and is focusing on strategic changes to improve efficiency and partnerships.