Petronas Q1 profit slips to RM21.3b amid volatile oil prices

Petronas’ profit after tax for the first quarter ended March 31, 2024 slipped to RM21.3 billion from RM23.8 billion recorded in the same period last year due to higher operating expenditure and cash payments amid a “prolonged volatile pricing landscape”.

Revenue, however, rose to RM89.7 billion from RM89.3 billion previously.

“Cash flows from operating activities...