Saturday July 01, 2006

Petronas annual profit surges 23% to record US$12 billion

business-times.asia1.com.sg :

Malaysia's national oil and gas company Petronas said its full-year net profit surged 22.6% to a record high, thanks to higher oil prices and increased output. For the year through March, Petroliam Nasional Bhd's net profit rose to a record RM43.59 billion (US$12.1 billion), compared with RM35.6 billion a year earlier.

Petronas is Malaysia's most profitable firm and only Fortune 500 company. Analysts estimate that if Petronas was a listed company, it would be valued at around US$250 billion today. Petronas' total international reserves were at 5.94 billion barrels of oil equivalents as of Jan 1, 2006.

See also :

1. Record oil company profits (Exxon Mobil, Shell, BP)

(2006-07-01 10:12:49 SGT) [Energy] Permalink

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