PETALING JAYA: The oil and gas sector’s outlook remains bright, underpinned by sustainable energy prices and proposed capital expenditure (capex) by Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (Petros).
Phillip Capital Research remained “overweight” on the sector, projecting aggregate industry earnings to grow by 14% year-on-year in 2025, including for most of the companies under its coverage.
