Petronas

Petroliam Nasional Berhad, commonly known as PETRONAS (stylised in all caps), is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act 1965 and reports to the company's Board of Directors. Petronas is vested with all oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas is a vertically integrated company and actively in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. Petronas has operations in over 100 countries and has sales office in 22 countries, produced around 9 billion barrels of oil equivalent and 50 trillion cubic feet of gas and has around 1,000 service stations nationwide.Petronas formally owned the South African petrol company Engan before the sale of their majority stake Vivo Energy in may of 2024.[1] As of 31 December 2024, Petronas had total proved reserves of 24.5 million barrels (3,900,000 m3) of oil equivalent per day. The company also has a strong presence in the lubricants market through its wholly owned subsidiary Petronas Lubricants International, which operated in over 100 markets internationally. Petronas Carigali, its principal subsidiary and one of its largest businesses, responsible for hydrocarbon exploration and production. Other subsidiaries include Petronas Dagangan, for gas trading and marketing, and Petronas Chemicals for petrochemical as well as Gentari for clean energy use and commercialization. It also offers higher education through its university, the Universiti Teknologi Petronas (UTP). The Malaysia Petroleum Management (MPM), its key division and a governing body for the petroleum resources development since Petronas' establishment, oversaws the entire lifecycle of the country's upstream oil and gas assets. In the annual Fortune Global 500 list for 2022,...