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Petronas raises dividend by 50% to RM24 bil

Adam Aziz
Adam Aziz9/10/2018 07:30 AM GMT+08  • 4 min read
Petronas raises dividend by 50% to RM24 bil
SINGAPORE (Sept  10): Petroliam Nasional is again getting more generous in declaring dividends, given that the federal government — its sole shareholder — needs to replenish the nation’s coffers. The national oil corporation announced that it would
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SINGAPORE (Sept 10): Petroliam Nasional is again getting more generous in declaring dividends, given that the federal government — its sole shareholder — needs to replenish the nation’s coffers. The national oil corporation announced that it would raise its dividend payment by 50% to RM24 billion ($8 billion) this year, from RM16 billion in 2017.

The saving grace is that crude oil prices have been strong and seem to be sustainable above the US$60 level.

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