By Romel S. Gurky
State oil, gas company PT Pertamina (Persero) reported on Thursday a decline in net profit for 2024, with figures dropping to USD 3.13 billion (approximately Rp 49.54 trillion) compared to USD 4.4 billion (Rp 69.36 trillion) in 2023.
Pertamina’s total revenue for 2024 reached USD 75.33 billion (Rp 1,194 trillion), with EBITDA of USD 10.79 billion (Rp 171.04 trillion). Despite the profit decline, the company maintained solid oil and gas production, accounting for 69% of Indonesia’s oil and 37% of gas production.
In terms of fuel production, Pertamina remained a dominant player, supplying 70% of Indonesia's fuel demand and meeting 100% of domestic avtur and diesel needs through its refineries. Additionally, the company continues to expand its energy distribution network, operating over 15,000 retail fuel stations and 260,000 LPG distribution points across Indonesia.
Read also : Pertamina to expand aviation fuel project using used cooking oil
Pertamina also strengthened its presence in renewable energy, overseeing 13 geothermal working areas and gas-fired and solar power plants with a combined capacity of 2,502.12 megawatts. The company has been producing biofuels like B35 and sustainable aviation fuel (SAF), supporting its commitment to low-carbon energy solutions.
During the Shareholders General Meeting, Pertamina also announced changes to its leadership, with Oki Muraza appointed Vice President Director, and Jaffee Arizon Suardin, Agung Wicaksono, and Andy Arvianto joining the Board of Directors in new roles. M. Erry Sugiharto, previously the Director of Human Resources, now serves as Director of Business Support.
Editing by Alexaander Ginting
