Pertamina's largest share of 2021 profit from upstream sector

The upstream sector accounted for the largest share of state-owned oil and gas firm PT Pertamina’s net profit as Indonesian crude prices (ICP) soared in 2021. "The overall profit earned is a combination of the six sub-holdings and their subsidiaries, but the largest contribution to the net profit comes from the upstream sector due to the windfall from the increase in ICP prices," acting vice president of corporate communications at Pertamina, Heppy Wulansari, said. Reporting its 2021 fiscal year performance to the government, which is a shareholder in the company, Pertamina said it scored a net profit of Rp 29.3 trillion.

June 23 2022, Kontan

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