Indonesian state energy company PT Pertamina reported $3.8 billion in net income for 2022, an 86% jump from its 2021 profit amid higher output, the company said in a statement on Tuesday.
Last year, the company’s oil and gas output stood at 967,000 barrels of oil equivalent per day, up 8% from a year earlier, Pertamina said, while output from its refineries rose 6% to 313.9 million barrels.
Sales volume of its fuel and non-fuel products rose 5%, the company added.
Reuters