Petronas

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Petroliam Nasional Berhad

Petronas headquarters in Tower 1 of the Petronas Twin Towers (right) in Kuala Lumpur, Malaysia
Trade name	PETRONAS
Native name	Petroliam Nasional Berhad
Company type	State-owned enterprise
Industry	Oil and gas
Founded	17 August 1974; 50 years ago (1974-08-17)[1]
Founders	Government of Malaysia Abdul Rahman Ya'kub Abdul Taib Mahmud Tengku Razaleigh Hamzah
Headquarters	Tower 1, Petronas Towers, 50088 Kuala Lumpur, Malaysia
Area served	Worldwide
Key people	Tengku Muhammad Taufik Tengku Aziz (President and CEO)[2] Mohd Bakke Salleh (Chairman)
Products	Petroleum, natural gas, petrochemicals, renewable sources, ready range of advanced products and adaptive solutions
Services	Filling station Shipping services
Revenue	US$73.01 billion (2023)[3]
Operating income	US$30.08 billion (2022)
Net income	US$17.15 billion (2023)
Total assets	US$164.40 billion (2023) [4]
Total equity	US$94.28 billion (2023)
Owner	Government of Malaysia
Number of employees	47,669 (2020)[5]
Subsidiaries	See subsidiaries
Website	www.petronas.com

Petroliam Nasional Berhad, commonly known as PETRONAS (stylized in all caps), is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act 1965 and reports to the company's Board of Directors. The corporation, with a presence in over 100 countries, is vested with all oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. In the annual Fortune Global 500 list for 2022, Petronas was ranked at 216th. It also ranked 48th globally in the 2020 Bentley Infrastructure 500.^[6]

The Financial Times has identified Petronas as one of the "new seven sisters",^[7] considered to be influential and mainly state-owned national oil and gas companies from countries outside the OECD. The company is engaged in a broad spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.^{[citation needed]} Petronas provides a substantial source of income for the Malaysian government, accounting for more than 15% of the government’s revenue from 2015 to 2020.^[8]