Petronas Dividends to Malaysia to Fall 38% on Oil Slump

Petroliam Nasional Bhd.’s dividend payout to the Malaysian government is set to decline by 38% next year as an oil price slump weighs on the state-owned oil and gas company’s profitability.

Petronas is expected to contribute 20 billion ringgit ($4.7 billion) to state coffers in 2026, compared with the 32 billion ringgit that it’s paying this year, according to Malaysia’s Finance Ministry. Next year’s payout would be the lowest since 2017, according to public records.