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PETRONAS Activity Outlook 2023-2025
PETRONAS Activity Outlook 2023-2025
The oil and gas majors are starting to record improvements, with both profit and cash flow from operations surging upwards. Nevertheless, industry players remain vigilant and continue to take very cautious steps. Beyond the challenges, the future remains optimistic and the prospects for recovery are in sight, though it may be slow. The global energy transition continues to gather pace, driven by technological advancements and supported by societal and regulatory push towards attaining net zero carbon emissions by 2050 (NZCE 2050). In bringing everyone together and ensuring long-term value creation for the stakeholders, PETRONAS offers innovative, sustainable and customer-centric solutions. Our expanded portfolio is well-positioned to respond to the shifting needs of our customers from creating more access for natural gas and LNG to power a variety of industries.