Malaysia's Petronas to Reduce Dividend Payment to Government by 38% in 2026
Malaysia's state-owned oil and gas company, Petronas, is set to reduce its dividend payment to the government by 38% in 2026.
Malaysia's state-owned oil and gas company, Petronas, has announced its decision to cut down the dividend payment it makes to the government by 38% in the year 2026. This move comes as a means to navigate through the challenging economic environment and ensure sustainable operations for the company.
The reduction in dividend payment is expected to have an impact on the government's revenue stream, which has been relying on Petronas' contributions. However, Petronas highlighted the importance of ensuring its financial strength and resilience amid market uncertainties.
As one of the largest sources of government revenue in Malaysia, Petronas plays a significant role in the country's economy. The decision to decrease the dividend payment reflects the company's strategic approach to managing its financial resources and adapting to changing market conditions.