PETALING JAYA: Analysts are mildly positive about the oil and gas (O&G) industry following the release of Petroliam Nasional Bhd’s (PETRONAS) 2024 results, which showed lower profits. They also highlighted segments within the industry that could be worth looking into.
With the national O&G titan now electing to report its results every six months instead of the customary quarterly practice, Maybank Investment Bank Bhd (Maybank IB) commented that PETRONAS’ results for the second half of 2024 were “uninspiring”.
