KUALA LUMPUR -- Malaysian state energy company Petronas said Friday its full-year profit dropped 21% in 2023 as energy prices fell while revenue also took a hit, with its chief executive warning that the remainder of the year could be volatile.
Energy
Malaysia's Petronas posts 21% annual profit drop on weak energy prices
State energy company recorded $17.2bn in profit and saw 8% drop in revenue
Motorists in Kuala Lumpur line up for natural gas at a Petronas station with company's landmark Twin Towers headquarters in the background. © Reuters
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