Kuala lumpur: PETRONAS recorded a revenue of RM132.6 billion for the first half of financial year ended 30 June 2025 (1H 2025), compared to RM173.6 billion in the corresponding period last year. The decline was primarily due to impact from discontinued operations from the divestment of the Engen Group in May 2024, unfavourable foreign exchange as well as lower average realised prices from petroleum products, crude oil and condensates following the downward trend in benchmark prices.

According to BERNAMA News Agency, in tandem with lower revenue, the Group's Profit After Tax (PAT) of RM26.2 billion decreased by 19 per cent from RM32.4 billion. This significant drop in profits reflects the challenging environment the company is navigating, marked by volatile market conditions and strategic divestments.

Despite the lower financial figures, PETRONAS is focusing on enhancing its portfolio resilience to ensure sustainable growth in the future. The company's strategic decisions are aimed at overcoming current market adversities and positioning itself for potential long-term gains.