PETRONAS to pay RM40bil dividend to government in 2023


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) will pay a total of RM40 billion in dividends to the government this year, which is RM5 billion more than the initial RM35 billion announced earlier.

Executive vice-president and group chief financial officer Liza Mustapha said the dividend payment was based on Petronas’ affordability.

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