Petronas income more than doubled in Q2

By Xinhua News Agency

Aug 31, 2022 12:18 am

KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) reported on Tuesday that its net income surged in the second quarter of 2022 on higher oil and gasoline prices resulting from a widening supply gap and dwindling capacity.

In a statement, the Malaysian state-owned energy company said its profit after tax more than doubled to 23 billion ringgit ($5.14 billion) from 9.6 billion ringgit ($2.14 billion) a year ago.

This July 13, 2021 file photo features the Petronas Twin Towers, where Malaysia’s state-owned energy company Petroliam Nasional Berhad (Petronas) is headquartered, in the capital Kuala Lumpur. XINHUA PHOTO

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