Pertamina Enters Fortune Global 500, Nicke: Must Be A World-Class Energy Company

Pertamina President Director Nicke Widyawati (Photo: Doc. Antara)

JAKARTA - PT Pertamina (Persero) is the only Indonesian company as well as the only SOE that is included in the Fortune Global 500 list in 2023.

This year Pertamina is ranked #141 up 82 places compared to 2022 which is in the #123 position. Pertamina even managed to jump 146 places compared to 2021 which is in the #287 position.

Pertamina President Director Nicke Widyawati said this rating increase was in line with Pertamina's success in posting the highest net profit during the company's establishment.

"Pertamina posted a net profit of 3.81 billion US dollars or Rp56.6 trillion, an increase of 86 percent compared to 2021 of US$2.05 billion or Rp29.3 trillion," he told the media, Thursday, August 10.

Nicke added that Pertamina's revenue also skyrocketed to 84.89 billion US dollars or around Rp. 1,262 trillion, up to 48 percent compared to the previous year's 57.5 billion US dollars.

Nicke further added that what the company achieved was the fruit of the company's stronger foundation after the restructuring of the formation of Holding Subholding. So that all business lines contribute to the company. Pertamina is also increasingly establishing itself as a world-class energy company.

Pertamina continues to strengthen its determination to pursue the aspirations of shareholders to become a world-class energy company. This achievement is in line with the company's target after the transformation of business and organization," said Nicke.

Nicke added that the company's positive performance cannot be separated from the support of all stakeholders, including the government that supports Pertamina to become a world-class company.

"Thank you also to all Pertamina officers who worked hard in increasing the company's competitiveness to be able to take a better role in the international arena," added Nicke.

Not only is it firmly perched in the global ranking at Fortune 500, Pertamina has also won the number 2 position globally in the Integrated Oil & Gas sub-industry by Sustainalytics with an ESG score of 22.1 in October 2022, which has increased from the previous 28.1 score.