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Petronas saw an 18% profit drop in 2025 due to low oil prices and lower sales, cutting jobs and spending while projecting its lowest dividend since 2017.
Petronas reported an 18% drop in 2025 net profit to 45.4 billion ringgit, driven by lower oil prices, reduced sales volumes, and foreign exchange impacts, with revenue falling 17% to 266.1 billion ringgit.
The company cut capital spending to 41.6 billion ringgit, plans to cut 5,000 jobs, and projects dividends to the Malaysian government at 20 billion ringgit, the lowest since 2017.
Upstream profits declined, while gas and maritime operations grew, and downstream posted a loss.
Carbon emissions rose 2.2%, though methane emissions fell 72%.
The company expects oil prices to stay between $65 and $70 per barrel and will increase international upstream activity by 60% over the next decade.
Petronas registró una caída del beneficio del 18% en 2025 debido a los bajos precios del petróleo y las ventas más bajas, recortando empleos y gastos mientras proyectaba su dividendo más bajo desde 2017.