Malaysia – PETRONAS, the natural oil and gas giant of Malaysia, released Tuesday, 1 March, its financial results for the year 2021, where it revealed that it sees itself evolving into an energy ‘superstore’.
The company will be launching a new energy transition entity this year as well as a new carbon management unit.
“With the launch of our new entity in mid-2022 and the setup of our Carbon Management Unit, it is envisaged that PETRONAS will evolve into an energy ‘superstore’ that will provide customers with a suite of energy and solutions that power businesses, and fuels progress in a just and sustainable manner,” said Datuk Tengku Muhammad Taufik, president and group CEO of PETRONAS.
He further shared that the company eyes 2022 as a year it will step up further in becoming a progressive energy and solutions partner for a sustainable future.
“Aligned to our three-pronged growth strategy and Net Zero Carbon Emissions by 2050 aspiration, PETRONAS is committed to ensuring that energy can continue to be produced and delivered responsibly and sustainably,” he said.
PETRONAS has posted a Profit After Tax (PAT) of RM48.6b for the financial year ending 31 December 2021, achieved on the back of RM248.0b in revenue.
