Malaysia’s Petronas Posts Higher Profit of $5.44 billion in 2022

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Go – Malaysia’s state oil firm Petroliam Nasional Berhad or Petronas, posted its financial performance for the 2022 fiscal year. Based on the company’s report, Petronas recorded a surge in profit in the fourth quarter of 2022, nearly double compared to the same period of the previous year. According to Reuters, Petronas reported a profit of 24.4 billion ringgit ($5.44 billion) for the three-month period ending December 2022, compared with a profit of 15.7 billion ringgit in the same quarter a year ago. Furthermore, during the 2022 period ending on Dec. 31, Petronas reported a record-b…

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