BIG oil names like ExxonMobil, Shell, Chevron and TotalEnergies had a weaker financial year in 2025 mainly due to softer energy prices despite the strong growth of the world economy.
Petroliam Nasional Bhd (PETRONAS) was no exception. Malaysia’s national oil company’s (NOC) earnings for financial year 2025 (FY25) slipped 18% year-on-year to RM45.4bil, as average crude oil prices eased to about US$70 a barrel from an average of US$80 in 2024.
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