PETRONAS - Integrated Report 2020

Integrated Report 2020

PETRONAS Integrated Report 2020

PETRONAS Integrated Report

PETRONAS Integrated Report 2020

Our Purpose

A progressive energy and solutions partner enriching lives for a sustainable future.

Financial Highlights

PETRONAS remains resilient and agile, amidst unprecedented twin shocks

PETRONAS was able to turn in a commendable performance in financial year 2020 (FY2020), by swiftly implementing several tactical interventions across the Group, as well as taking several decisive and prudent measures.

Our mandate is to ensure that future generations inherit a strong and sustainable company. We have behind us 46 years of impressive growth that will drive us to take on the change and innovation that have become the business norms of today.

Tan Sri Ahmad Nizam Salleh


Without question, my utmost gratitude is only rightly reserved for our diligent and dedicated employees whose resilience and commitment to excellence saw us through a very challenging time. I am confident we will be able to tackle all imminent challenges and capitalise on all opportunities that the future may bring.

Tengku Muhammad Taufik

President and Group Chief Executive Officer

Connect the dots with PETRONAS

Our passion for progress, drives us to create better solutions that benefit people, our partners and the planet. Each dot we connect brings us one step closer to our goal of achieving net zero carbon emissions by 2050 (NZCE 2050) and create a more sustainable future for all.

Business Highlights

With prudent financial management, PETRONAS' financial position continues to outperform other oil majors

We focused on maintaining disciplined capital and operational spending as well as preserving liquidity, to ensure the resiliency and sustainability of our businesses.

Sustainability Highlights

PETRONAS' Sustainability Agenda

We recognise that we have a responsibility to balance out our economic ambitions with positive social and environmental considerations. PETRONAS' Sustainability Agenda is the compass that guides us as we set out to deliver energy solutions that fuel progress in a responsible manner.

As we commit to uphold the Sustainability Agenda, our actions are guided by the four Sustainability Lenses

Net Zero Carbon Emissions by 2050 (NZCE 2050)

With this landmark move, PETRONAS became the first oil and gas company in Southeast Asia to adopt this goal. Our NZCE 2050 aspiration underscores our ambition to meet higher sustainability goals for the longer term that address stakeholder concerns and support the Paris Agreement.

aspiration is defined as

Balancing the remaining Scope 1 and Scope 2 GHG emissions from its assets under operational control with carbon offsets.

Our Response to External Challenges

PETRONAS' Response to COVID-19 in 2020

All in all, PETRONAS companies, operations, associations and staff globally banded together and contributed a total of RM50.6 million in cash and in kind to help flatten the curve of the pandemic worldwide.

Available Reports