Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Energy

Lite

Erlina Fury Santika 07/06/2023 17:42 WIB

URL has been copied

Memuat...

Pertamina recorded a net profit of Rp56.6 trillion (US$3.8 billion), the highest in its history.

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

PT Pertamina's Net Profit (2017-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Pertamina (Persero) reported a net profit of US$3.8 billion, equivalent to Rp56.59 trillion (assuming an exchange rate of Rp14,868 per US$). This is the highest profit in the history of the state-owned enterprise (SOE).

Compared to 2021, Pertamina's net profit reached US$2.04 billion or Rp30.41 trillion. This figure is higher than the profit recorded in 2020, which amounted to US$1.05 billion or Rp15.62 trillion.

The net profit in 2020 was the lowest profit Pertamina received in the last six years.

As reported by *Katadata*, Pertamina's President Director Nicke Widyawati ensured that the company's outstanding performance was not due to luck or windfall profits from oil prices or the rupiah exchange rate.

Nicke explained that the profit performance increased by 86% compared to 2021 due to the contribution of the staff and cost effectiveness.

“Some say, ‘oh, this is because of ICP [Indonesia Crude Price] linkage.’ Even when the exchange rate was high, we've experienced high exchange rates in previous years. We've also had ICP above 100, but the achievement wasn't like this," said Nicke in the *Media Briefing Capaian Kinerja 2022* in Jakarta on Tuesday (6/6).

She explained that the biggest contribution supporting Pertamina's profit increase was the reduction in cost burden. According to Nicke, the cost burden gradually decreased from 93%-94% of revenue in 2012-2014 to 89% in 2022.

Nicke added that cost optimization in the 2021-2022 period contributed to savings of up to US$3.273 billion.

“In 2022, we were able to close with the highest performance in Pertamina's history. We recorded a profit of US$3.81 billion, equivalent to Rp56.61 trillion. Revenue increased by 48% to US$85 billion, which is about one-third of the State Budget," said Nicke.

The following are the net profit or profit attributable to the parent entity of Pertamina for 2017-2022:

* 2017
US$2,540,195,000 (Rp37.76 trillion)
* 2018
US$2,526,772,000 (Rp37.56 trillion)
* 2019
US$2,529,342,000 (Rp37.60 trillion)
* 2020
US$1,051,137,000 (Rp15.62 trillion)
* 2021
US$2,045,658,000 (Rp30.41 trillion)
* 2022
US$3,806,776,000 (Rp56.59 trillion)

Editor : Erlina Fury Santika

"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."

Related Data

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Warning! Mount Semeru Erupts Again This Morning (Friday, December 5, 2025)

Warning! Mount Ibu Erupts Again Early This Morning (Friday, December 5, 2025)

Latest Data Stories

Three-Month Coffee Contract Price - US Coffee C Futures Rise Towards 370.3 Pounds per Pound (Wednesday, May 21, 2025) Market 05/12/2025, 10:48 WIB

Today's Antam Gold Price Drops to Rp. 1.91 Million per Gram Mining 05/12/2025, 10:47 WIB

Nickel Commodity Price for 3-Month Forward Contract This Morning Traded at US$15,505/Ton (Wednesday, May 21, 2025) Market 05/12/2025, 10:31 WIB

Three-Month Wheat Contract Price - US Wheat Futures Traded at 543.8 Bushels This Morning (Friday, May 23, 2025) Market 05/12/2025, 10:30 WIB

Global Oil Prices Fall to US$63.92 per Barrel (Friday, May 23, 2025) Market 05/12/2025, 10:28 WIB

Garut Weather Forecast May 22 - June 2/25 Demographics 05/12/2025, 10:23 WIB

Download

Source

Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Tags

Related Data

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Warning! Mount Semeru Erupts Again This Morning (Friday, December 5, 2025)

Warning! Mount Ibu Erupts Again Early This Morning (Friday, December 5, 2025)

Latest Data Stories

Popular Data

Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Record-Breaking Highest in History, Pertamina's 2022 Profit Reaches Rp56.6 Trillion

Tags

Related Data

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Warning! Mount Semeru Erupts Again This Morning (Friday, December 5, 2025)

Warning! Mount Ibu Erupts Again Early This Morning (Friday, December 5, 2025)

Latest Data Stories

Trending Topics

Popular Data