Petronas remained Malaysia's most valuable brand in 2023, with a brand value of around 12.71 billion U.S. dollars, far surpassing the second most-valuable Malaysian brand, Maybank. Founded in 1974, Petronas has since grown into an integrated international oil and gas company.
Key business segments
Petronas engages in three main business segments including upstream, gas and new energy, and downstream operations. These business segments represent the company’s production chain ranging from exploration to distribution of crude oil and natural gas products. In financial year 2022, the largest revenue source of Petronas Group was its export, which amounted to more than 154 billion Malaysian ringgit.
Market performance
As a state-owned oil and gas corporation, Petronas Group takes full responsibility of the entire oil and gas resources in Malaysia as well as developing and adding value to them. In 2021, Malaysia ranked 10th in petroleum gas export value worldwide. In addition, Petronas has seen an upward trend of its global brand value from 2015 to 2022 and ranked tenth in the brand value of leading oil and gas companies worldwide in 2023.
