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
PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) is expected to spend RM15.7bil in capital expenditure (capex) in the final quarter of 2023, taking its full year capex to RM50bil despite posting lower earnings year-on-year (y-o-y).
It spent RM34.3bil in capex in the nine months ended Sept 30, 2023 (9M23), with RM16.4bil of that on operations domestically while RM5.5bil or 16% of the total on its decarbonisation activities.
