Oil, Gas and Consumable Fuels
Company Overview of Petroliam Nasional Berhad
Petroliam Nasional Berhad, together with its subsidiaries, operates as an integrated oil and gas company in Malaysia and internationally. It operates through Exploration and Production, Gas and Power, and Downstream segments. The company engages in the exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and sale of liquefied natural gas (LNG); processing and transmission of natural gas; and sale of natural gas products. It is also involved in refining, trading, and marketing crude oil and petroleum products; and manufacturing, marketing, and trading petrochemical products. In addition, the company owns and operates a network of retail stations...
PETRONAS Twin Towers
Kuala Lumpur City Centre
Kuala Lumpur, 50088
Founded in 1974
Key Executives for Petroliam Nasional Berhad
Chief Executive Officer, President and Executive Director
Group Chief Financial Officer, Executive Vice President and Executive Director
Executive Vice President, Chief Executive Officer of Downstream Business and Director
Senior Vice President and Chief Executive Officer of Petronas Refinery & Petrochemical Corporation Sdn Bhd
Chief Executive Officer of Upstream, Executive Vice President of Upstream and Executive Director
Compensation as of Fiscal Year 2015.
Petroliam Nasional Berhad Key Developments
Petronas Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 25 15
Petronas reported earnings results for the third quarter and nine months ended September 30, 2015. The company reported that loss attributable to shareholders for the third quarter ended September 30, 2015 was MYR 565 million, compared to a profit attributable to shareholders of MYR 12.41 billion for the same quarter ended September 30, 2014. Revenue for the third quarter ended September 30, 2015 was MYR 60.06 billion, compared to MYR 80.37 billion for the same quarter ended September 30, 2014.
Profit attributable to shareholders for the nine months ended September 30, 2015 was MYR 17.85 billion, compared to MYR 46.91 billion for the same period ended September 30, 2014. Revenue for the nine months ended September 30, 2015 was MYR 187.56 billion, compared to MYR 249.78 billion for the same period ended September 30, 2014.
Petronas Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 12 15
Petronas announced earnings results for the third quarter and nine months ended September 30, 2015. For the period, the company posted an over 90% fall in profit after tax to MYR 1.35 billion, amid a continuing slump in global oil prices and a second quarter of asset impairment losses. Revenue was lower by a fourth year on year at MYR 60 billion. The company had posted a PAT of MYR 15 billion for the same period last year and MYR 11 billion for the preceding quarter. For the quarter under review, cash flow from operations amounted to MYR 17 billion. Pre-tax profit for the third quarter fell to MYR 3.8 billion from MYR 22.7 billion in the same quarter last year. Revenue for the quarter declined 25% to MYR 60.06 billion from MYR 80.37 billion previously due to the continued low oil price condition as global supply continued to outstrip demand.
For nine months, the company’s PAT came to MYR 24 billion against MYR 55 billion a year ago. Revenues were MYR 188 billion against MYR 250 billion a year ago. Pre-tax profit shrank to MYR 35.45 billion from MYR 78.04 billion in the same period last year.
MISC Not In Talks With Bumi Armada
Nov 11 15
Petroliam Nasional Berhad’s unit, MISC Berhad (KLSE:MISC) is not in discussion with Bumi Armada Berhad (KLSE:ARMADA). MISC responded to recent market speculation following news that it may control 65% stake of Bumi Armada. Bumi Armada informed Bursa Malaysia that it was continuously exploring merger, acquisition and disposal opportunities. MISC's shares closed at MYR 9.16 on November 11, 2015.
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