Petroliam Nasional 2Q Net Profit Down 34% at MYR12.77 Bln

Petroliam Nasional 2Q Net Profit Down 34% at MYR12.77 Bln
Petronas 2Q Revenue MYR70.70 Bln Vs MYR72.94 Bln
Petronas 2Q Total Production 1.85 Mln Bbl of Oil Equivalent/Day
Petronas Finance Chief: 2Q Profit Includes MYR1.1B Gain From Stake Sale
Petronas CEO: 3Q Earnings to Be Worse Than 2Q
Petronas CEO: Deferred Malaysian Refineries Maintenance, Shutdown to 1Q 2013
Petronas CEO: Still Awaiting Govt OK for Fuel Price Hike
Petronas: Expect 2012 Performance to Be Lower Than 2011
Petronas CEO: Oil Price Near $80/Bbl Would Hurt Expansion Plans
Petronas CEO: Malaysian Oil, Gas Output to Remain Challenging Until 2014
Petronas 2Q Profit Falls by a Third; Sudan Disruption Hurts
KUALA LUMPUR--Petroliam Nasional Bhd., Malaysia's national oil and gas company, said Friday its second-quarter net profit was more than a third lower than a year earlier due to rising exploration costs and output disruptions linked to the dispute between North and South Sudan. The state-run firm also known as Petronas is Malaysia's only Fortune 500 company and the Southeast Asian nation's most profitable enterprise. Net profit for the three months ended June 30 was 12.77 billion ringgit($4.11 billion), down from MYR19.39 billion a year earlier, Petronas said in a statement. Revenue declined 3.1% to MYR70.70 billion from MYR72.94 billion. Total production, including natural gas, crude oil and condensates, was 1.85 million barrels of oil equivalent a day in the second quarter. Crude oil production fell to 665,000 barrels a day from 777,000 barrels per day, mainly because of natural field depletion and geopolitical challenges. Natural gas production declined to 1.19 million barrels from 1.23 barrels because of a setback from its domestic operations. The company said its board expects "current year prospects...to be lower than [the] performance for last year" amid slowing global economic growth, geopolitical uncertainties and a continued high-cost environment.