Petronas CEO: Any additional dividend to govt will be subject to affordabilityKUALA LUMPUR (March 13): Petronas’ dividend commitment has been a key source of funding to the federal government, who inked in an expected RM40 billion payout from the national oil and gas company in the recently tabled revised Budget 2023, from an initial projection of RM35 billion in the Oct 2022 version of the national budget that was tabled under the previous government.
The revised figure is still much lower than the bumper dividend of RM54 billion Petronas paid in FY2019, and anything more than what has been provided will be subject to affordability, said Petronas president and group chief executive officer Datuk Tengku Muhammad Taufik Tengku Aziz.