Petronas Full-Year Report 2022

PETRONAS recorded revenue of RM375.3 billion, mainly due to the favourable price impact for major products aligned with higher benchmark prices.

Despite the prolonged volatility seen in the markets throughout 2022, moving forward the Group will continue to exercise prudent financial management and firm discipline in reinvesting to provide the energy security needed today and for a just and responsible transition.

FY2022 Results

• Revenue improved to RM375.3 billion, mainly due to the favourable price impact for all products aligned with higher benchmark prices.
• PAT increased to RM101.6 billion and EBITDA stood at RM170.7 billion.
• Cash Flows from Operating Activities (“CFFO”) increased to RM135.3 billion.
• Capital Investments (“CAPEX”) stood at RM50.1 billion contributed by Upstream and Downstream projects.
• Total Assets strengthened to RM710.6 billion as at 31 December 2022.
• Shareholders’ Equity increased to RM401.6 billion as at 31 December 2022, mainly attributable to the profit recorded during the year.