PETRONAS is Malaysia’s national oil and gas company, operating globally across upstream, LNG, downstream, petrochemicals and cleaner energy solutions.
Company Description
PETRONAS, formally Petroliam Nasional Berhad, is Malaysia’s national oil and gas company and an integrated global energy group. Established in 1974, it operates across upstream oil and gas, liquefied natural gas (LNG), refining, petroleum products, petrochemicals, lubricants, gas and maritime services, and cleaner energy solutions. PETRONAS serves customers across global energy markets, with operations and commercial activities spanning more than 100 countries. The group is also pursuing renewables, hydrogen, carbon capture, bio-based products and green mobility as part of its energy-transition strategy.
Products & Services
- Upstream oil and gas exploration, development and production
- Liquefied natural gas (LNG)
- Natural gas and power solutions
- Refining and petroleum products
- Petrochemicals and specialty chemicals
- Automotive and industrial lubricants
- Marine and aviation fuels
- LNG bunkering
- Renewable energy and green mobility
- Hydrogen, carbon capture and storage, and bio-based energy solutions
Target Market
PETRONAS serves governments, utilities, energy companies, industrial and commercial customers, transportation businesses, airlines, maritime customers and consumers through its global energy, fuels, chemicals, LNG, lubricants and cleaner-energy businesses.
Company Size
49,067 employees in 2025, with presence in more than 100 countries/markets. FY2025 revenue was RM266.1 billion and total assets were RM775.0 billion.
Leadership
- Tan Sri Tengku Muhammad Taufik Tengku Kamadjaja Aziz — President & Group Chief Executive Officer
- Tan Sri Dato’ Seri Mohd Bakke Salleh — Chairman
- Mohd Jukris Abdul Wahab — Chief Operating Officer and EVP & CEO Upstream
- Liza Mustapha — EVP & Group Chief Financial Officer
- Datuk Seri Sazali Hamzah — EVP & CEO Downstream
- Datuk Adif Zulkifli — EVP & CEO Gas & Maritime Business
Key Highlights
- Established in 1974 as Malaysia’s national oil and gas company.
- Wholly owned by the Government of Malaysia.
- Integrated operations spanning upstream, LNG, downstream, petrochemicals and cleaner energy.
- Reported RM266.1 billion revenue and RM45.4 billion profit after tax for FY2025.
- Has a presence in more than 100 countries/markets.
- Pursuing an energy-transition strategy covering renewables, hydrogen, CCS, bio-based products and green mobility.
Recent Developments
- Signed a 20-year LNG supply agreement with QatarEnergy in February 2026.
- Announced plans to assume full ownership of PRefChem in May 2026.
- Established Searah, a 50:50 joint venture with Eni, in June 2026.
- Expanded its upstream presence in Turkmenistan through new agreements in June 2026.
- Continued development of AI capabilities through collaboration with IBM and Tridiagonal.AI in July 2026.
