Statement: Clarification on Dividend Payment to the Government of Malaysia

PETRONAS previously committed to maintain the scheduled RM24 billion dividend payment to the Government of Malaysia based on its FY2019 performance and can confirm that it has fully paid the dividend as per the plan for this year.  However, given the unprecedented challenges brought about by the COVID-19 pandemic, the PETRONAS Board approved to pay an additional RM10 billion dividend to its shareholder by end of November 2020. 

In determining whether this additional dividend was affordable, the PETRONAS Board first satisfied itself that the Company could comfortably continue to fund its operations, service its debts and meet its obligations as well as invest in its future growth.  

PETRONAS remains resolute in its efforts to preserve cash and strengthen our financial resilience during this unprecedented time.