KUALA LUMPUR: After delivering record-breaking profits and a higher-than-expected dividend of RM50bil in 2022, Petroliam Nasional Bhd (PETRONAS) has warned about a potential “correction” in crude oil prices this year.
While PETRONAS president and group CEO Datuk Tengku Muhammad Taufik Tengku Aziz stopped short of predicting a lower bottom line for 2023, he said the national oil company would continue to exercise prudent financial management and firm discipline in reinvesting.
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