PETRONAS - Integrated Report 2020

Integrated Report 2021

PETRONAS Integrated Report 2021

PETRONAS Integrated Report 2021


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

Financial Highlights

PETRONAS remained on steady
footing to weather possible market shocks

PETRONAS delivered a strong set of financial and operational results for the year as we continued to accelerate recovery efforts. The focused execution of strategies coupled with agile and resilient operations, have been key to PETRONAS' commendable performance in 2021.


Tan Sri Dato' Seri
Mohd Bakke Salleh

PETRONAS is well-positioned to progress with pace and resilience to deliver profitable and sustainable growth aligned to our Three-Pronged Growth Strategy and net zero carbon emissions by 2050 (NZCE 2050) aspiration.

President and Group Chief Executive Officer

Datuk Tengku
Muhammad Taufik

The Group is confident that with the strength and reliability of its core portfolio combined with new offerings of cleaner energy solutions, PETRONAS will evolve to present itself to customers as an 'energy superstore' that powers businesses and fuels progress in a just and sustainable manner.

Business Highlights

Focused execution of strategies, along with agile and resilient operations have been key to the Group's commendable performance in 2021

Our role as Malaysia's fully integrated energy provider is built on a dynamic value chain. Through our core businesses, we are able to deliver society's growing energy needs and contribute to a better tomorrow for everyone.

We are committed to keeping the industry on our forecasted level of
activities for the next 3 years, as well as contracting opportunities for the next 5 years.
We look forward to forming strong collaborations with our industry partners for the
country's and industry's mutual growth.

Our Continued Value Creation

PETRONAS is committed to creating long-term value that focuses on growth towards sustainability.
Continued Value Creation is one of the Sustainability Lenses which focuses on making sound investments that
will benefit the business and community in the long run. Efforts such as research on carbon capture and storage
(CCS) and harnessing solar energy will bring us closer to achieving NZCE 2050.

Sustainability Highlights

Sustainability is deeply rooted in our Statement of Purpose, "A progressive energy and solutions partner enriching lives for a sustainable future". As a purpose-driven organisation, sustainability considerations contribute directly to what we do as a business, how we operate and how we engage with our stakeholders.

Net Zero Carbon Emissions by 2050 (NZCE 2050)

PETRONAS' leadership with a mandate from the Board announced our net zero
carbon emissions by 2050 (NZCE 2050) aspiration. The delivery of this aspiration will
build resilience and better prepare the organisation and Malaysia's value chain for a
sustainable future, create social value, and promote a Just Transition.

aspiration is defined as

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

Because We Care

Leveraging our wide network, PETRONAS partnered with various state governments
and forged several alliances to drive economic recovery; through on-the-ground
support, digital solutions or monetary contributions.

Available Reports