Business

Petronas’ profits hit by lower oil price

By ZAIDI ISHAM ISMAIL - Friday, 27 February 2015.

Petroliam Nasional Bhd (Petronas) reported today a lower net profit and says it will cut its five-year capital investment and operating expenditure by 10 per cent and 30 per cent respectively to mitigate the adverse effects of weak crude oil prices on its profitability and cashflow in 2015.

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Petronas’ profits hit by lower oil price

By ZAIDI ISHAM ISMAIL - Friday, February 27, 2015 - 20:43

Petroliam Nasional Bhd (Petronas) reported today a lower net profit and says it will cut its five-year capital investment and operating expenditure by 10 per cent and 30 per cent respectively to mitigate the adverse effects of weak crude oil prices on its profitability and cashflow in 2015.

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