KUALA LUMPUR, May 22 (Bernama) — PETRONAS today announced its financial results for the first quarter ended 31 March 2020, amid challenging market conditions and plummeting oil prices, coupled with shrinking global oil demand due to the COVID-19 pandemic and the risk of ongoing economic uncertainty.
As the industry outlook continues to be marred by prolonged volatility, the Group remains focused in strengthening its resilience to weather the downward cycle while not losing sight of its long-term plans to ensure PETRONAS’ future sustainability.