Petronas, Malaysia's state-owned oil and gas reported a 20.6% Y-o-Y decline in revenue to 80.7 billion ringgit in 2023, from a record high of 101.6 billion ringgit in 2022. Reasons cited for this decline was the 20% drop in average oil prices and a shift in the energy industry towards cleaner solutions. Sean Lim Ooi Leong, Head of Regional Oil & Gas at RHB Investment Bank helps us unpack the results and what implications this has on the wider O&G sector in Malaysia.



Image Credit: Shutterstock.com

Petronas, Malaysia's state-owned oil and gas&nbsp;reported a 20.6% Y-o-Y decline in revenue to 80.7 billion ringgit in 2023, from a record high of 101.6 billion ringgit in 2022. Reasons cited for this decline was the 20% drop in average oil prices and a shift in the energy industry towards cleaner solutions.&nbsp;Sean Lim Ooi Leong, Head of Regional Oil &amp; Gas at RHB Investment Bank helps us unpack the results and what implications this has on the wider O&amp;G sector in Malaysia.Image Credit: Shutterstock.com

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

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