Owner Investor / Financier Operator Offtaker
Petroliam Nasional Berhad, commonly referred to as PETRONAS, is the national oil and gas company of Malaysia. Established on 1 August 1974, it was created to manage the country's petroleum resources and is wholly owned by the Malaysian government through the Ministry of Finance.
The primary activities of PETRONAS encompass the full spectrum of the oil and gas industry. This includes exploration and production in upstream operations, both onshore and offshore in Malaysia and internationally. In the downstream sector, the company operates refineries, produces a range of petrochemical products, and engages in the marketing and distribution of petroleum products and chemicals.
PETRONAS has a presence in numerous countries worldwide, with significant investments in Asia, Africa, and the Americas. It is actively involved in the chemical industry through its petrochemical plants and has been expanding into areas such as renewable energy and battery manufacturing technologies as part of its strategic diversification.
As a major player in the global energy market, PETRONAS ranks among the largest oil companies by revenue and production capacity. Its integrated business model allows it to maintain a strong position in the competitive landscape of the petroleum and chemical sectors.
Also known as PETRONAS Mobility Lestari Sdn. Bhd..
chemXplore tracks 5 projects involving PETRONAS, of which 5 are active.
Closest to start-up first.
1 active project carries no start-up date yet. The dates themselves, per project, are for subscribers.
Revenue rose 10% to $3.7B; GAAP EPS $1.16 and adjusted EPS $0.77. Q3 buybacks $300M; affirms 2026 adjusted EBITDA guidance of $500–$525M.
Creates a Southeast Asia methane-tech evaluation centre using decade-long detection expertise; signs technical cooperation on emissions and flaring; expands drone campaigns and targets near-zero upstream methane by 2030.
Maha field begins production at 250 MMSCFD via two subsea wells tied to Jangkrik FPU; gas routed to domestic market and Bontang LNG, lifting combined plateau to 750 MMSCFD.
Raised Subsea 2026 revenue guidance; Q3 Subsea orders $2.05bn and opportunities list midpoint $32bn; free cash flow $469.7m and $320m of share buybacks.
Proforma gearing at a historic low of 9% and adjusted CFFO lifted to €16.5bn; underlying E&P output +7% to 1.83 mln boe/d. Strategic deals include Junin 5 relaunch and asset monetisations.
JV will develop offshore CO2 storage targeting up to 5 Mtpa injection; first injection targeted by 2031; supports Malaysia's Southern CCS Hub and potential cross-border CO2 shipments.
EPCM award for Coastal GasLink Phase 2 covers detailed engineering, procurement and construction management for five compressor stations in BC; contract >€200m with 4+ year execution.
Two binding agreements transfer 10% interests across multiple Indonesian PSCs, covering producing gas fields, major discoveries and hub projects; completions subject to regulatory approvals.
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