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Petronas committed to pay govt RM32 bil dividend this year: Amir Hamzah | Scoop
Second Finance Minister Datuk Seri Amir Hamzah Azizan expects no reduction in Petronas’ dividend payment to the government despite a drop in net profits for FY2024. - Bernama pic, February 26, 2025
News

Petronas committed to pay govt RM32 bil dividend this year: Amir Hamzah

Second Finance Minister says national oil company’s payment to Putrajaya will remain at the same level despite 32% drop in net profits for FY2024

Bernama
Updated
4:08 PM MYT

 

KAJANG — Petroliam Nasional Bhd (Petronas) is committed to paying a dividend of RM32 billion to the government this year, said Second Finance Minister Datuk Seri Amir Hamzah Azizan.

He said that there will be no reduction in Petronas’ dividend payment to the government.

“I believe Petronas’ commitment is still at the level of RM32 billion and will be paid this year. 

“However, like other businesses, when there are increases or decreases, we will look at the financial capacity next year because dividends are based on the previous year’s performance,” he said after the launch of the 2024 Property Market Report here, today.

Asked about the proposed dividend amount for next year, Amir Hamzah said it depends on Petronas’ performance.

“We will see how Petronas’ financial performance and  the oil market do,” he said.

Petronas’ net profit fell by 32% to RM55.1 billion for the financial year ending Dec 31, 2024 (FY2024), compared to RM80.7 billion in FY2023.

Revenue for FY2024 decreased by 7.0% to RM320 billion from RM343.6 billion in the previous year, due to lower average realised prices, although this was negated by higher sales volume. – February 26, 2025

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