kuala lumpurpetroliam nasional bhd better known as petronas delivered solid earning for the fourth quarter thanks to a strong recovery in crude oil prices and lower impairments on assets the malaysian stateowned oil company posted net profit of 1336 billion ringgit 318 billion for the final quarter of last year versus a net loss of myr114 in the same quarter a year earlier it said tuesday revenue surged 74 to myr7657 billion petronas paid a total of myr25 billion in dividends to its shareholder the malaysian government last year the quarterly results brought full year net profit to myr486 billion versus a net loss of myr2103 billion in 2020 the company said petronas said capital investment fell 9 to myr305 billion last year as many projects were affected by the prolonged movement restriction orders coupled with supplychain interruptions activities have been picking up since early 2022 in line with easing covid19 restrictions the company said moving forward petronas said the energy industry is expected to continue operating in a challenging environment due to market uncertainties and heightened geopolitical risks we remain committed to exercising discipline when reinvesting to both strengthen our core and grow our portfolio even as we prudently manage our financial commitments and debt obligations president and group chief executive officer muhammad taufik kamadjaja aziz said