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Malaysia's oil and gas company, Petroliam Nasional Berhad (Petronas), recorded revenue of RM 247.96 billion in 2021.
Converted to US dollars, this revenue is approximately equivalent to US$54.95 billion (using the exchange rate of US$1 = RM4.174 as of December 31, 2021).
Petronas' downstream sector contributed the largest portion of revenue, namely RM121.09 billion or 48.8% of total revenue.
Next, the gas and new energy sector contributed RM75.73 billion (30.5%), the upstream sector contributed RM40.1 billion (16.2%), and the corporate and other sectors contributed RM11.04 billion (4.5%).
Petronas' 2021 revenue surged 39% year-on-year. In 2020, Petronas' revenue was recorded at RM178.7 billion.
The increase in revenue also led Petronas to record a post-tax profit of RM48.6 billion in 2021. This is in contrast to a post-tax loss of RM21 billion in 2020.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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