Kuala Lumpur — Malaysian state oil company Petronas on Friday posted a third-quarter loss, hit by lower oil and gas prices because of the COVID-19 pandemic, and expects the fourth quarter to remain challenging.
The world’s fourth-biggest LNG exporter reported a post-tax loss of 3.4 billion ringgit ($835.8 million) for the July to September period, against 7.4 billion ringgit in the same quarter last year. ($1 = 4.0680 ringgit)
(Reporting by Mei Mei Chu Editing by David Goodman)
