Brand value of the leading brands in Malaysia 2024

Petronas remained Malaysia's most valuable brand in 2024, with a brand value of around 14.56 billion U.S. dollars, far surpassing the second most-valuable Malaysian brand, Genting. Founded in 1974, Petronas has since grown into an integrated international oil and gas company. 

 Key business segments 

 Petronas engages in three main business segments including upstream, gas and new energy, and downstream operations. These business segments represent the company’s production chain ranging from exploration to distribution of crude oil and natural gas products. In financial year 2022, the largest revenue source of Petronas Group was its export, which amounted to more than 154 billion Malaysian ringgit.

Market performance

As a state-owned oil and gas corporation, Petronas Group takes full responsibility of the entire oil and gas resources in Malaysia as well as developing and adding value to them. In 2023, Malaysia ranked 8th in petroleum gas export value worldwide. In addition, Petronas has seen an upward trend of its global brand value from 2015 to 2023 and ranked tenth in the brand value of leading oil and gas companies worldwide in 2023.