BFM 89.9

Podcast  >  Morning Run  >  Morning Brief  >  2023 A Decent Year For Petronas But Outlook Less Certain

2023 A Decent Year For Petronas But Outlook Less Certain

Sean Lim Ooi Leong, Head of Regional Oil & Gas, RHB Investment Bank

18-Mar-24 07:30

2023 A Decent Year For Petronas But Outlook Less Certain

Petronas, Malaysia's state-owned oil and gas reported a 20.6% Y-o-Y decline in revenue to 80.7 billion ringgit in 2023, from a record high of 101.6 billion ringgit in 2022. Reasons cited for this decline was the 20% drop in average oil prices and a shift in the energy industry towards cleaner solutions. Sean Lim Ooi Leong, Head of Regional Oil & Gas at RHB Investment Bank helps us unpack the results and what implications this has on the wider O&G sector in Malaysia.

Image Credit:

Produced by: Wong Shou Ning, Tun Hizami Hashim

Presented by: Wong Shou Ning, Keith Kam, Shazana Mokhtar

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  technologymarketsenvironment

Tags:  average oil pricespetronas2023oil revenueaffordable and clean energy

Play / Pause

Listen now : What's the Focus

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Brian Arcese, Portfolio Manager & Equity Analyst, Foord Asset Management 

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Michelle Leung, Head of Asia Metals & Mining, Bloomberg Intelligence

7:45 AM

Top Story

Professor Robert Johns, Professor of Politics, University of Southampton

8:00 AM

The Breakfast Grille

Mark Loughran, Group President, InDrive

8:30 AM

Morning Brief

Zarina Zainuddin, Analyst in Foreign Policy and Security Studies, ISIS Malaysia 

8:45 AM

Morning Brief

9:00 AM

Opening Bell

9:15 AM

Opening Bell

Jesse Liew, Chief Investment Officer for Fixed Income, Principal Southeast Asia

9:35 AM

What's the Focus

10:05 AM

Open For Business

KW Toh, Managing Director, TPE Writing Instruments

11:00 AM


Matt Armitage, Founder, Kulturpop.

12:00 PM

Enterprise Explores

1:00 PM

The Breakfast Grille Repeat

Breakfast Grille: Mark Loughran, President, InDrive’s Group

2:05 PM

Front Row

Germany & Malaysia Grand Concert Tour, Dr David Chin, Founder and Artistic Director, Bachfest Malaysia

2:25 PM

Front Row

Le French Festival 2024, Emmanuelle Marchand, Counsellor for Cooperation and Cultural Affairs, Embassy of France in Malaysia

3:05 PM

Good Things

4:05 PM

Health & Living

What A Diagnosis of Ovarian Cancer Means Today, Dr Yogeeta Gunasagran, Consultant Gynae-oncologist, University Malaya Medical Centre | Jocelyn, Ovarian Cancer Patient

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

7:30 PM

Just For Kicks

9:00 PM

A Bit of Culture