Malaysia’s Petronas posts profit drop in 2024 amid global volatility, lower oil prices 

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KUALA LUMPUR : Malaysia's state energy firm Petroliam Nasional Bhd reported on Tuesday a drop in profit in 2024 compared to a year ago, amid global volatility and lower oil prices from geopolitical tension and economic uncertainty, while flagging market challenges ahead.

He said Petronas will navigate the challenges by maximising the potential of its assets and through prudent financial management.

"We anticipate this period of uncertainty will carry on well into 2025 and beyond," Tengku Taufik told a press conference.

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Category: EconomyBusiness

Markets: SingaporeCanadaIndonesiaMalaysia

Topics: Ringgit 2023 Tengku Taufik Petronas Compared 2024 Challenges Trade Billion Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 18:02:28 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26430319

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