PETRONAS pays RM50bil dividend on record-breaking profits

A sign for a Petroliam Nasional Bhd (Petronas) gas station stands near the Petronas KLCC Twin Towers in Kuala Lumpur, Malaysia. - Goh Seng Chong/Bloomberg

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) reported record-breaking profit after tax (PAT) of RM101.6bil in the financial year ended Dec 31, 2022 (FY22), on the back of higher crude oil prices.

The PAT nearly doubled from RM50.9bil a year earlier, enabling the national oil company to deliver a dividend of RM50bil to the federal government - its sole shareholder.