Petronas Annual Report

Promptly after the announcement on the reduced petrol subsidies, the public broke out in rage and dissatisfaction, protesting to the fullest and some demanded Petronas to make its annual report more transparent and holistic. I think everyone deserve to have a look on the report. Take your time to glance through shortly before giving any remarks that hopefully would be rational.
-Click here- to view the annual report of Petronas in year 2007.


My concern
Since that I'm gonna be part of the Petronas community very soon, (starting from 12th of July* upon admission into its Universiti Teknology Petronas as a sponsorship holder) certainly I show some concern on this company's future. The recent petrol price hike did make me worry and completely unnerve as petroleum is one of the Petronas fundamental affiliations. Likewise, the arising public attention and doubts towards Petronas financial management may affect its financial planing in future, in turn, would give an impact to me as one of its future work force. The salary schemes may need to be reconstructed to lower the cost of oil productions. However after having a short glance through its annual report, I'm much relieved in the sense that Petronas would never go bankrupt due to its stability in its finance. Nevertheless, Petronas is very much in the shortage of professionals such as experienced engineers, who can boosts up the efficiency of oil production thus cutting cost and lower price of crude (an increase in rate of production would bring it meet the market demand).

On the other hand, lets review on its background. Petronas is a multinational corporate which had and yet to invest in as many as 36 countries worldwide venturing mostly into the very profitable petroleum production businesses, and I think that it still remains numerous decades to come before all the petroleum reservoirs on earth reach depletion. Also, Petronas reached the reputation of the Fortune Global 500 ranking. With the assets value of 294.6billion Ringgit and a net profit of 46.4billion Ringgit in 2007, Petronas proved to have a very strong reserve in economy that make it stands firmly. I hope that the recent political conflicts would not affect Petronas, do take note that Petronas is a business entity, and is apart form our government's policy. If its fate is similar to Proton, I got nothing to say...

*July - so sicked of this word! tend to type as June for so MANY times!!!! IShhhh!