Pertamina's Revenue Rate Grows 15 Percent In 3 Years

JAKARTA - PT Pertamina (Persero) recorded an increase in financial performance in three years by 15 percent from 2021 to 2023.

Pertamina Deputy President Director Wiko Migantoro said Pertamina in 2022 received the highest revenue of 84.9 billion US dollars.

"Many factors caused, especially the price of oil at that time was 97 dollars. But in growth we can see this 3 years growing 15 percent," said Wiko Alat Hearing Meeting (RDP) with Commission XII DPR RI, Thursday, February 20.

Wiko added that other parameters in the form of revenue performance before interest, tax, depreciation, and amortization or EBITDA were recorded to continue to grow to 14.4 billion US dollars at the end of 2023. The increase was also recorded in net profit which was recorded at 4.4 billion dollars at the end of 2023.

On the same occasion, Wiko also explained the performance of each Pertamina subholding. In the upstream sector, oil and gas production has grown by 8 percent over the past 3 years. Upstream production has also succeeded in breaking the figure of 1 million barrels of equiven oil per day.

"This is our new field contribution, especially in Rokan and there are assets abroad," said Wiko.

Meanwhile, at the refinery, continued Wiko, yield variables also increased and was able to produce valuable products with an increase in percentage.

"We can say that our refinery has also been able to produce 100 percent of the national diesel needs. Meanwhile, for gasoil we can supply 40 percent," said Wiko.