PETALING JAYA: Upstream oil and gas (O&G) services companies are cautiously optimistic going into financial year 2026 (FY26), with expectations of gradual improvement in earnings as well as a flattish year-on-year trend, says Kenanga Research.
In a report, the research house said this indicates FY25 could be the bottom-trough earnings year for the current downcycle, which was much less severe than previous downcycles.
