Sunday, August 03, 2008

Petronas in the Top 20 most Profitable

The Top most profitable is surely Exxon Mobil at USD$40 plus billion.

On the global ranking of Most Profitable, Petronas is Ranked 8th.

This year, the ranking of Most Profitable is littered with oil companies.


In the equity to profit ranking, Petronas is No 1 in the world.


See more Global 500 data for Petronas
Global 500: See the full list
Rank: 95
Profits ($millions): $18,118.40
Change from 2006: 40.9%

Profits surged over 40% for Malaysia's largest company last year. The state-owned gas firm capitalized on the price of crude, selling Malaysian crude oil at $68.50 per barrel during the fiscal year 2007, up 11.2% from the previous year.

The company contributes more than a third to the Malaysian government's annual budget.

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