Energy

Premium

Pertamina's Profit Soars 221 Percent Due to Efficiency Measures

26/08/2016 15:54 WIB

Bagikan URL has been copied

Memuat...

Oil and Gas Company Profit Growth in the First Half of 2016

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Pertamina's Profit Soars 221 Percent Due to Efficiency Measures”.

Rp10.000

We accept the following payments:

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

Oil and Gas Company Profit Growth in the First Half of 2016

Download

Source

A Small
A Medium
A Bigger

Pertamina's efficiency measures boosted its first-half 2016 profit by 221 percent to US$1.83 billion, compared to the same period the previous year. This surpasses the achievements of other multinational oil and gas companies such as Pemex. Indeed, several global oil and gas companies experienced significant profit declines, some even recording losses.

The state-owned enterprise's cost-cutting program, titled the *Breakthrough Project* 2016, achieved US$1.2 billion in savings by the end of June, exceeding the initial target of US$838 million. This policy supported Pertamina's performance during the period when oil prices fell below US$30 per barrel.

"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

Prabowo Inaugurates Balikpapan RDMP, Indonesia's Largest Oil Refinery

Non-Subsidized Fuel Prices to Decrease in Early 2026

Pertamina's Non-Subsidized Fuel Prices to Increase as of December 1, 2025

PGN Profit Down 22.6% in H1 2025

Indonesia's Oil Refinery Capacity Stagnant in the Last 10 Years

Indonesia's Oil Refinery Capacity in 2024, Largest in Cilacap

Latest Data Stories

Rural Food Poverty Rate Statistics, 2015-2023 Demographics 14/01/2026, 15:12 WIB

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 14/01/2026, 14:59 WIB

Regional Development Plan (RDP) of Adh... Sector, Health Services and Social Activities, 2013-2025 Technology & Telecommunications 14/01/2026, 14:25 WIB

Domestic Car Sales Skyrocket, Exceeding 94,000 Units in December 2025 Transportation & Logistics 14/01/2026, 14:22 WIB

Statistics on the Hindu Population in Aceh 2015-2024 Demographics 14/01/2026, 13:59 WIB

Realization of Barito Kuala Regency Government's Regional Expenditure as of End of 2025 Economics & Macro 14/01/2026, 13:52 WIB

Download

Source

Pertamina's Profit Soars 221 Percent Due to Efficiency Measures

Tags

Related Data

Prabowo Inaugurates Balikpapan RDMP, Indonesia's Largest Oil Refinery

Non-Subsidized Fuel Prices to Decrease in Early 2026

Pertamina's Non-Subsidized Fuel Prices to Increase as of December 1, 2025

PGN Profit Down 22.6% in H1 2025

Indonesia's Oil Refinery Capacity Stagnant in the Last 10 Years

Indonesia's Oil Refinery Capacity in 2024, Largest in Cilacap

Latest Data Stories

Popular Data

Pertamina's Profit Soars 221 Percent Due to Efficiency Measures

Tags

Related Data

Prabowo Inaugurates Balikpapan RDMP, Indonesia's Largest Oil Refinery

Non-Subsidized Fuel Prices to Decrease in Early 2026

Pertamina's Non-Subsidized Fuel Prices to Increase as of December 1, 2025

PGN Profit Down 22.6% in H1 2025

Indonesia's Oil Refinery Capacity Stagnant in the Last 10 Years

Indonesia's Oil Refinery Capacity in 2024, Largest in Cilacap

Latest Data Stories

Trending Topics

Popular Data