Petronas is better positioned than its oil-heavy peers given the majority of its production consists of natural gas, which is less carbon-intensive. In 2020, natural gas accounted for about 64% of its total oil and gas entitlement.
KUALA LUMPUR: Moody's Investors Service expects Petroliam Nasional Bhd's credit metrics will stay strong through 2021 to 2022.
In a statement issued on Saturday it said this was based on an adjusted debt/capitalisation at around 22% and earnings before interest and tax/interest expense at eight to 12 times.
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