KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) today announced an additional RM25 billion dividend payment to the government, bringing a total dividend payout of RM50 billion for 2022.
President/group chief executive officer Datuk Tengku Muhammad Taufik Tengku Aziz said the new dividend was in addition of the RM25 billion dividend that had been approved in February 2022.
"The additional RM25 billion dividend has been approved by the board after having carefully and rigorously assessed the group's affordability to continue funding its operations, service its debt and meeting its obligations as well as invest in future growth," he told reporters after announcing the group's half-year financial performance ended June 30, 2022 here today.
Tengku Muhammad Taufik said the group remained committed to accelerate its approved investments as it needed to future-proof its operations towards energy transition.
He said the total dividend payout of RM50 billion in 2022 was one of the highest payment made by the group, following a total payment of RM54 billion in 2019.
Asked whether the additional dividend payment would impact Petronas, Tengku Muhammad Taufik reiterated that the group would need to spend very prudently but in a profitable manner.
-- BERNAMA
Bernama
Tue Aug 30 2022
President/group chief executive officer Datuk Tengku Muhammad Taufik Tengku Aziz said the new dividend was in addition to the RM25 billion dividend that had been approved in February 2022. - BERNAMA/Filepic
China promises Latin America 'trustworthy' ties as Trump lays out demands
Beijing looks to improve its foothold in a region historically under the US sphere of influence.
Major risks loom as Trump upends US Russia policy
Washington's approach changes dramatically with the initial meeting between US and Russian negotiators.
Pope Francis has double pneumonia, complicating his treatment, Vatican says
Doctors say a polymicrobial infection occurs when two or more micro-organisms are involved and can be caused by bacteria, viruses, or fungi.
Philippines' VP Duterte challenges impeachment before Supreme Court
Sara Duterte makes her first legal move to fight the case that could lead to her removal and lead to a lifetime ban from public office.
Motor racing - Hamilton steps out in red at unprecedented 10 team F1 launch
I feel so full of life, so much energy, because everything's new and I'm just focused on what is up ahead, Hamilton says.
UAE tells US' Rubio it rejects displacement of Palestinians
The UAE's stance matters as its one of four Arab nations that normalised ties with Israel during Trumps first term.
Taylor Swift wins recording artist of the year crown for fifth time
The megastar's "The Tortured Poets Department" record also topped four IFPI charts, the IFPI says.
More than $50 billion needed to rebuild Gaza, World Bank joint assessment says
Years of rebuilding work, including clearing unexploded ordinance and millions of tonnes of rubble lie ahead.
Malaysia’s AI data centre development to be impacted by recent US restrictions - Liew
Liew Chin Tong says the restrictions would not affect the development of the domestic data centre ecosystem as a whole.
Sweden's top court rejects Greta Thunberg lawsuit on climate action
A court cannot decide that the parliament or the government must take any specific action, the Supreme Court says.
![[COLUMNIST] Trump’s Gaza (pipe) dream](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-10/51728873693_EMIR.jpg "[COLUMNIST] Trump’s Gaza (pipe) dream")
[COLUMNIST] Trump’s Gaza (pipe) dream
The Gaza plan is dangerous and counter-productive as it's merely another recipe for regional instability.
Sivasangari eyes new career-high in world rankings
After climbing to a career-best world number seven, national women's squash ace S. Sivasangari is determined to keep rising.
Outburst against Steven Sim: DAP will probe if there's a complaint - Loke
DAP secretary-general Anthony Loke says the disciplinary committee has not received any reports related to the incident so far.
US judge will not block Elon Musk from firing federal workers, accessing data
The case raises questions about Musk's apparent unchecked authority as a top deputy to President Donald Trump.
Dozens of false killer whales stranded on remote Australian beach
Rescue crews trying to save the majority of the large dolphins that survived the ordeal, according to authorities.
Trump restricts AP access over Gulf of Mexico issue
The AP, citing editorial standards, says it would continue to use the gulf's established name.
China to fly back 200 nationals rescued from Myanmar scam centres, Thai official says
This is part of a multinational effort to crack down on illegal online operations run from the region.
Somber Tiger Woods back in action in TGL loss to New York GC
Tiger Woods makes his first start since the death of his mother when he competed in a TGL match at Palm Beach Gardens.
Brazil's ex-President Bolsonaro charged in alleged coup plot
A total of 34 people were charged, including several military officials.
Trump and Musk target tax enforcers, rocket scientists, bank regulators for job cuts
Concerns grow over transparency, oversight, and Musk's influence on government operations.