Petronas

OverviewSuggest Edit

Petronas is an energy and solutions company. Its upstream business encompasses exploration, development, production, and Malaysia petroleum management (MPM). The downstream business comprises activities, including refining, trading, and marketing crude oil and petroleum products as well as manufacturing and marketing petrochemical products for local and international consumption.
TypePrivate
Founded1974
HQKuala Lumpur, MY
Websitepetronas.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Jun 2021)47,344(-2%)
Job Openings42
Revenue (FY, 2021)RM248 B(+39%)
Share Price (Mar 2021)$1.7
Cybersecurity ratingAMore
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Key People/Management at Petronas

Khairuddin Ab Khalik

Khairuddin Ab Khalik

Chief Executive Officer
Datuk Sazali Hamzah

Datuk Sazali Hamzah

Executive Vice President and CEO Downstream
Mohd Azli Ishak

Mohd Azli Ishak

Chief Financial Officer
Mohd Kabir Noordin

Mohd Kabir Noordin

Chief Manufacturing Officer
Ch'ng Guan How

Ch'ng Guan How

Chief Innovation & Technology Officer
Shakeel Khan

Shakeel Khan

Chief Commercial Officer
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Petronas Office Locations

Petronas has offices in Kuala Lumpur, Guang Zhou Shi, Yokohama and London
Kuala Lumpur, MY (HQ)
Tower 1, PETRONAS Twin Towers
Kuala Lumpur, MY
Level 79 Tower 2, PETRONAS Twin Towers
Guang Zhou Shi, CN
No. 15 Zhujiang West Road
Yokohama, JP
1-1-8 Sakuragi
London, GB
One New Ludgate, 60 Ludgate Hill
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Petronas Financials and Metrics

Summary Metrics

Founding Date

1974
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Petronas Revenue

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View revenue for all periods
Petronas's revenue was reported to be RM247.96 b in FY, 2021
MYR

Revenue (FY, 2021)

248.0b

Gross profit (FY, 2021)

89.3b

Gross profit margin (FY, 2021), %

36%

Net income (FY, 2021)

48.6b

EBIT (FY, 2021)

72.4b

Cash (31-Dec-2021)

164.6b
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

240.3b178.7b248.0b

Revenue growth, %

(4%)(26%)

Cost of goods sold

155.9b135.0b158.6b

Gross profit

84.3b43.8b89.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

62.0b59.1b55.1b59.6b34.0b41.1b52.5b57.1b61.8b

Cost of goods sold

37.5b36.2b38.3b40.9b27.2b30.6b33.8b36.7b39.9b

Gross profit

24.5b22.9b16.8b18.7b6.8b10.5b18.7b20.4b21.8b

Gross profit Margin, %

39%39%31%31%20%26%36%36%35%
Annual
MYRFY, 2019FY, 2020FY, 2021

Cash

141.6b130.5b164.6b

Accounts Receivable

26.1b25.7b

Inventories

14.4b12.5b14.5b

Current Assets

206.5b193.4b252.6b
Annual
MYRFY, 2019FY, 2020FY, 2021

Depreciation and Amortization

38.7b36.0b34.4b

Inventories

57.0m2.0b

Accounts Payable

(902.0m)(8.9b)

Cash From Operating Activities

90.8b40.7b78.6b
Quarterly
MYRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Depreciation and Amortization

9.4b18.3b26.9b8.9b17.7b26.3b8.3b16.6b24.8b

Cash From Operating Activities

23.2b44.9b64.6b17.6b26.3b32.6b14.3b32.7b54.5b

Capital Expenditures

(8.3b)(15.7b)(27.0b)(8.5b)(14.7b)(22.2b)(6.7b)(12.6b)(20.1b)

Cash From Investing Activities

(9.9b)(19.0b)(32.5b)(8.8b)(14.3b)(22.3b)(6.2b)(12.0b)(20.2b)
MYRQ1, 2019

Revenue/Employee

3.0m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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Petronas Operating Metrics

Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020

Crude Oil and Condensates Entitlement (Upstream), mboe/d

614603534625594562584539774615611571579562585

Crude Oil and Condensates Production (Upstream), mboe/d

9959828939339509309398321.12 k961962783815829847

Entitlement (Upstream), mboe/d

1.73 k1.63 k1.51 k1.87 k1.69 k1.82 k1.69 k1.5 k1.99 k1.75 k1.84 k1.44 k1.57 k1.63 k1.62 k

Natural Gas Production (Upstream), mboe/d

1.47 k1.32 k1.28 k1.57 k1.41 k1.5 k1.46 k1.31 k1.52 k1.45 k1.5 k1.26 k1.25 k1.44 k1.36 k

Petronas Acquisitions / Subsidiaries

Company NameDateDeal Size
Amplus Energy SolutionsSeptember 19, 2019rm1.76 b
Amplus Ages Private Limited
Amplus Ampere Private Limited
Amplus Andhra Power Private Limited
Amplus Centaur Solar Private Limited
Amplus Costal Power Private Limited
Amplus Dakshin Private Limited
Amplus Energy Solution Pte. Ltd.
Amplus Energy Solutions FZE
Amplus Energy Solutions Private Limited
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Petronas Revenue Breakdown

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Petronas revenue breakdown by business segment: 48.8% from Downstream, 30.5% from Gas and New Energy, 16.2% from Upstream and 4.5% from Other

Human Capital Metrics

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Petronas Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

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Petronas Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Petronas Online and Social Media Presence

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Petronas News and Updates

PETRONAS Withdraws from Yetagun Field Offshore Myanmar

PETRONAS’ subsidiaries, PETRONAS Carigali Myanmar Inc (PCMI) and PC Myanmar (Hong Kong) Limited (PCML) today announced their withdrawal from Blocks M12, M13 and M14 located in the Yetagun field, offshore Myanmar.

PETRONAS Unveils Second Episode Of ‘366’ Drama Series in Conjunction with Aidilfitri

PETRONAS has unveiled the second episode of its ‘366’ original drama series, “Hari Ke-123” or ‘Day 123’, in conjunction with the upcoming Aidilfitri celebration.

PETRONAS, Aerodyne to Collaborate on Deployment and Commercialisation of Drone-Based Solutions

PETRONAS’ technology commercialisation arm, PETRONAS Technology Ventures Sdn Bhd (PTVSB) has entered into a strategic collaboration with Aerodyne Oil and Gas Sdn Bhd, a subsidiary of Aerodyne Group, to explore opportunities for deployment and commercialisation of drone-based solutions.

PETRONAS Welcomes SK earthon as New Upstream Investor and Operator in Malaysia

PETRONAS today signed a Production Sharing Contract (PSC) with SK earthon Co., Ltd. (SK earthon) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak.

PETRONAS Brings “Rays of Hope” (Sinar Harapan) into the Life of Orang Asli and Community-based Centres in Malaysia

PETRONAS, via its subsidiary, PETRONAS Power Sdn. Bhd. has successfully completed the pilot phase of the “Rays of Hope”, a Corporate Social Responsibility (CSR) programme to provide clean and free energy to enhance the livelihood of the selected Orang Asli communities and the residents of community-…

PETRONAS Achieves First Hydrocarbon From Bukit Tua Phase-2B Project in Indonesia

PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has achieved its first hydrocarbon in the successful drilling of the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, offshore East Java, Indonesia.
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Petronas Frequently Asked Questions

  • When was Petronas founded?

    Petronas was founded in 1974.

  • Who are Petronas key executives?

    Petronas's key executives are Khairuddin Ab Khalik, Datuk Sazali Hamzah and Mohd Azli Ishak.

  • How many employees does Petronas have?

    Petronas has 47,344 employees.

  • What is Petronas revenue?

    Latest Petronas annual revenue is RM248 b.

  • What is Petronas revenue per employee?

    Latest Petronas revenue per employee is RM5.2 m.

  • Who are Petronas competitors?

    Competitors of Petronas include ONGC, IndianOil and China Resources Gas Group.

  • Where is Petronas headquarters?

    Petronas headquarters is located at Tower 1, PETRONAS Twin Towers, Kuala Lumpur.

  • Where are Petronas offices?

    Petronas has offices in Kuala Lumpur, Guang Zhou Shi, Yokohama and London.

  • How many offices does Petronas have?

    Petronas has 5 offices.