Wan Zulkiflee: ‘We will continue to focus on driving our upstream and downstream businesses to maximise returns in unlocking value as a fully integrated oil and gas company.’
Higher oil prices and improved margins lead to over 100% improvement in profit
PETALING JAYA: Petroliam Nasional Bhd (Petronas) saw its net profit surge by more than 100% year-on-year in its first quarter ended March 31. The quarter saw the national oil company’s net profit jump to RM10.3bil from RM4.6bil a year ago due to higher oil prices and improved margins from upstream and downstream businesses.
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