PETRONAS may pay lower dividends to the government if the average oil price remains below the previously assumed $80 per barrel. The company has yet to provide updated information on its dividend commitment for this year.
PETRONAS Dividends Could Fall Below $80 Oil Price Assumption
In 2024, the national oil company paid RM32 billion in dividends, down from RM40 billion the previous year. This included petroleum cash payments and taxes, totaling RM72 billion, a 17% drop from 2023. Analysts suggest a slight reduction in dividends if oil prices remain low.
The national oil company reported a net profit of RM55.1 billion for 2024, a 32% decrease due to lower oil prices.
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