KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), which posted profit after tax (PAT) of RM23.8bil in the first quarter of 2023, expects moderating oil and gas prices to squeeze its profitability this year.
“Oil and gas prices are expected to moderate due to continued economic uncertainties, hence lower profitability is anticipated compared to last year.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
