Petronas Allocating Around 5% of Capex to Renewable Energy, CEO Says

The transcript covers a range of topics including shareholder relations, financial strategies, insights from the Subway IPO, Petronas' transition to renewable energy, regional energy demand in Asia, geopolitical risks in Iraq, and oil price projections. The speaker emphasizes the importance of responsible shareholders, the need for a sustainable business model, and the role of oil and gas alongside renewable energy. The discussion also touches on the impact of geopolitical tensions on operations and the company's conservative approach to planning.

What is the company's stance on returning more to the government?

• They are under pressure to return more.

• They plan to sell assets to meet government demands.

• They prioritize shareholder value without jeopardizing growth.

• They have already returned more than required.

What was a key takeaway from the IPO discussed in the video?

• It led to a decrease in shareholder value.

• It highlighted the company's lack of preparation.

• It was a failure due to market conditions.

• It was a successful exercise for a progressive company.

How is Petronas planning to future-proof its organization?

• By focusing solely on oil and gas.

• By investing in renewable energy like solar and wind.

• By increasing its oil production.

• By reducing its workforce.

Where is the rise in energy demand primarily coming from?

• Asia, particularly China

• North America

• Africa

• Europe

What is Petronas's approach to oil price planning?

• They use a conservative long-term view.

• They ignore oil price fluctuations.

• They predict oil prices accurately.

• They rely on short-term market trends.