Nothing suprised me except Shell outplayed Exxon to take 2nd place. For PETRONAS, it’s a huge achievement after dropping place last year. Number 86 in overall rank and no 11 for the most profitable companies. For full/complete list, please click this link.

 

Rank: 86 (Previous rank: 107)
CEO: Shamsul Azhar Abbas
Employees: 41,623
Address: Tower 1, Petronas Twin Towers
Kuala Lumpur  50088
Country: Malaysia
Website: www.petronas.com.my

$ millions % change from 2009
Revenues 76,875.9 22.8
Profits 17,479.3 50.0
Assets 145,026.1
Stockholders’ equity 87,145.0
 

Profits as % of

Revenues 23
Assets 12.1

 

 

Huhu…… PETRONAS moved down in this year FORTUNE 500 ranking.

Malaysia’s biggest company, state energy firm Petronas falls to 107th position from 80th last in Fortune 500 ranking in 2010.  PETRONAS who revealed last week a 23.2 percent plunge in net profit for the fiscal year ended March 31 due to weak demand and low oil and gas prices. Petronas said its net profit was 40.3 billion ringgit (US$13 billion) compared with 52.5 billion ringgit a year earlier. Revenue fell 18 percent to 216.4 billion ringgit due to a contraction in product prices and lower sales volume. Petronas is Malaysia’s only Fortune 500 company and the country’s most profitable firm. It is also among Malaysia’s largest bond issuers.

There’re some (good/bad) points to share for this year Fortune 500 :

  • PETRONAS at no 107th in this year ranking.
  • PETRONAS is a 20th biggest company in Asia.
  • In the term of Most Profitable Company, PETRONAS at no 25th in world.
  • PETRONAS still the only company from Malaysia listed in Fortune 500
  • Singapore’s got two companies but their position are still far behind PETRONAS .. ( 300 +++ position)
  • PETRONAS is ahead of NOKIA, Microsoft, Dell, Goldman Sachs in this year Fortune 500 company ..

Cammon … PETRONAS … let’s climb back next year .. make us proud

 

FOR FULL PICTURES, PLS CLICK HERE…

Although their 2010 car is still firmly under wraps, Mercedes GP have unveiled the new silver and green colour scheme with which they will contest the 2010 FIA Formula One World Championship. The team’s management and drivers Michael Schumacher and Nico Rosberg all attended the event, which was held at the Mercedes-Benz Museum in the German city of Stuttgart on Monday.

The new livery blends the German carmaker’s legendary ‘Silver Arrows’ heritage with the colours of the team’s title partner Petronas. As an additional reference to the Mercedes W25 of 1934, when the car’s white paint was scraped off to expose the shining alloy underneath, traces of black carbon fibre will be visible on the nose of the MGP W01.

“Finally the 2010 Formula One season is firing up!” said Schumacher, who returns to Formula One racing for the first time since 2006 with the former Brawn team. “I have to say that I am totally committed to this new challenge. This season feels like a re-start for me and I am so motivated. We have a very exciting combination at Mercedes GP Petronas.

“We have a world champion team in every sense of the word and I cannot wait to get into the car for the first time in Valencia. I am convinced that Mercedes GP Petronas will be in a very good position to fight for the championships this season and I will definitely give it a go. Driving for Mercedes-Benz again is like the closing of a circle for me as I started my racing driver career with the three-pointed star on my helmet. This is another reason why I cannot wait for the competition to get underway.”

Schumacher’s team mate for 2010, Nico Rosberg, was equally enthusiastic, saying: “You can really feel the successful motorsport history of Mercedes-Benz here at the Museum in Stuttgart and to be part of the new Silver Arrows team and that racing heritage makes me feel extremely proud and motivated.

“Since joining the team in November, I have spent a lot of time at the factory in Brackley, at Mercedes-Benz High Performance Engines in Brixworth and here in Stuttgart, which has given me the opportunity to settle in and get to know everyone. I am looking forward to working with everyone and will give it my all to reward their fantastic efforts with good on-track results this season.”

Over 600 guests, including 200 Mercedes-Benz employees, were present at the launch, which was opened with a welcome speech by Dr. Dieter Zetsche, CEO of Daimler AG and head of Mercedes-Benz Cars. The newly-rebadged Mercedes GP team, however, will continue to be led by Ross Brawn, who took Brawn GP to victory in both the drivers’ and constructors’ championships last season.

“It is a privilege to be here at the Mercedes-Benz Museum in Stuttgart today for the official presentation of the Mercedes GP Petronas Formula One team,” said Brawn. “With your first look around the Museum, you realise the fantastic racing heritage of Mercedes-Benz and we hope to be able to contribute to those successes going forward.

“Our team have been working extremely hard throughout last year and over the winter on the development of the MGP W01 and everyone at the team is looking forward to the start of testing in Valencia next week. We have two excellent drivers in Nico and Michael, who will form one of the most exciting and one of the best partnerships on the grid, and with the support of Mercedes-Benz, Aabar, our new title partner Petronas and all of our team partners, everyone is looking forward to the 2010 Formula One season with anticipation.”

Norbert Haug, Mercedes-Benz Motorsport’s vice president, added: “With today’s presentation of our new team, a new and certainly the most important chapter of over 100 years of Mercedes-Benz motorsport history begins. The new Formula One season will offer challenges which will be bigger than ever before in over sixty years of the sport’s history.

“We look forward to the cooperation with our drivers Nico Rosberg who has enormous capabilities and perspectives, and with seven-time world champion Michael Schumacher. I warmly welcome all our colleagues from last year’s world championship team Brawn GP headed by Ross Brawn and Nick Fry to the Mercedes family. There are challenging tasks ahead of us and we will tackle them with power, consistency and full motivation.”

The team’s 2010 car will make its track debut next week when the first official Formula One test of the season gets underway in Valencia, Spain on February 1.Although their 2010 car is still firmly under wraps, Mercedes GP have unveiled the new silver and green colour scheme with which they will contest the 2010 FIA Formula One World Championship. The team’s management and drivers Michael Schumacher and Nico Rosberg all attended the event, which was held at the Mercedes-Benz Museum in the German city of Stuttgart on Monday.

The new livery blends the German carmaker’s legendary ‘Silver Arrows’ heritage with the colours of the team’s title partner Petronas. As an additional reference to the Mercedes W25 of 1934, when the car’s white paint was scraped off to expose the shining alloy underneath, traces of black carbon fibre will be visible on the nose of the MGP W01.

“Finally the 2010 Formula One season is firing up!” said Schumacher, who returns to Formula One racing for the first time since 2006 with the former Brawn team. “I have to say that I am totally committed to this new challenge. This season feels like a re-start for me and I am so motivated. We have a very exciting combination at Mercedes GP Petronas.

“We have a world champion team in every sense of the word and I cannot wait to get into the car for the first time in Valencia. I am convinced that Mercedes GP Petronas will be in a very good position to fight for the championships this season and I will definitely give it a go. Driving for Mercedes-Benz again is like the closing of a circle for me as I started my racing driver career with the three-pointed star on my helmet. This is another reason why I cannot wait for the competition to get underway.”

Schumacher’s team mate for 2010, Nico Rosberg, was equally enthusiastic, saying: “You can really feel the successful motorsport history of Mercedes-Benz here at the Museum in Stuttgart and to be part of the new Silver Arrows team and that racing heritage makes me feel extremely proud and motivated.

“Since joining the team in November, I have spent a lot of time at the factory in Brackley, at Mercedes-Benz High Performance Engines in Brixworth and here in Stuttgart, which has given me the opportunity to settle in and get to know everyone. I am looking forward to working with everyone and will give it my all to reward their fantastic efforts with good on-track results this season.”

Over 600 guests, including 200 Mercedes-Benz employees, were present at the launch, which was opened with a welcome speech by Dr. Dieter Zetsche, CEO of Daimler AG and head of Mercedes-Benz Cars. The newly-rebadged Mercedes GP team, however, will continue to be led by Ross Brawn, who took Brawn GP to victory in both the drivers’ and constructors’ championships last season.

“It is a privilege to be here at the Mercedes-Benz Museum in Stuttgart today for the official presentation of the Mercedes GP Petronas Formula One team,” said Brawn. “With your first look around the Museum, you realise the fantastic racing heritage of Mercedes-Benz and we hope to be able to contribute to those successes going forward.

“Our team have been working extremely hard throughout last year and over the winter on the development of the MGP W01 and everyone at the team is looking forward to the start of testing in Valencia next week. We have two excellent drivers in Nico and Michael, who will form one of the most exciting and one of the best partnerships on the grid, and with the support of Mercedes-Benz, Aabar, our new title partner Petronas and all of our team partners, everyone is looking forward to the 2010 Formula One season with anticipation.”

Norbert Haug, Mercedes-Benz Motorsport’s vice president, added: “With today’s presentation of our new team, a new and certainly the most important chapter of over 100 years of Mercedes-Benz motorsport history begins. The new Formula One season will offer challenges which will be bigger than ever before in over sixty years of the sport’s history.

“We look forward to the cooperation with our drivers Nico Rosberg who has enormous capabilities and perspectives, and with seven-time world champion Michael Schumacher. I warmly welcome all our colleagues from last year’s world championship team Brawn GP headed by Ross Brawn and Nick Fry to the Mercedes family. There are challenging tasks ahead of us and we will tackle them with power, consistency and full motivation.”

The team’s 2010 car will make its track debut next week when the first official Formula One test of the season gets underway in Valencia, Spain on February 1.

source : Formula1.com

 

Mercedes GP is delighted to announce the signing of a long-term agreement with PETRONAS which will see the Malaysian national oil and gas company become the title partner to the new Silver Arrows works team. From 2010, the new team will compete in the FIA Formula One World Championship as the Mercedes GP PETRONAS Formula One Team and will carry the distinctive PETRONAS branding across the car and team liveries.

Leveraging Mercedes-Benz’s rich motorsport heritage and the long-standing involvement of PETRONAS in Formula One, the new title partnership also paves the way for future collaborations between the two companies. For PETRONAS, thepartnership will enable the oil and gas giant to generate sustainable business growth, particularly in their downstream lubricants market, through the strategic partnership and business alliance with Mercedes-Benz, one of the most prestigious global automotive brands.

The Mercedes GP PETRONAS Formula One Team’s challenger for 2010 will make its track debut in its new livery at Valencia on 1 February 2010 for the first of the pre-season tests ahead of the 2010 Formula One season.

PETRONAS will continue to be the title sponsor of the PETRONAS Malaysian Grand Prix, scheduled to be the third race of the new season, which will take place at the Sepang International Circuit on 4 April 2010.

Norbert Haug, Vice-President of Mercedes-Benz Motorsports, said:

“We are very pleased to begin our long-term partnership with our new title partner PETRONAS. Daimler, our premium brand Mercedes-Benz and PETRONAS will work together both on and off the track and I am sure that everybody involved will guarantee their absolute dedication to success. PETRONAS’ home base in Kuala Lumpur is located in the middle of a fast-growing region for the automotive industry which makes this new partnership even more valuable. Within the limits of the new Formula One resource restrictions, the Mercedes GP PETRONAS Formula One Team will be well positioned to achieve our goals. We will all strive to present efficient success in the future knowing at the same time that the new Formula One season with some fundamental rule changes will be a particularly challenging one.”

Ross Brawn, Team Principal of the Mercedes GP PETRONAS Formula One Team commented:

“Everyone at Mercedes GP is delighted to confirm our long-term agreement with PETRONAS and we look forward to working closely with our new partner in the future. The collaboration of the premium automotive brand Mercedes-Benz and a company as prestigious as PETRONAS gives our team a fantastic base from which to achieve our ambitions of competing at the top level of Formula One and building on the success of 2009 which saw the team achieve the Constructors’ and Drivers’ Championships. Our plans for the new season are progressing well, as is the development of our 2010 challenger, and we look forward to seeing the car run in the new Silver Arrows and PETRONAS livery at the Valencia test in February.”

 

The Federal Government will pay compassionate fund in the form of development programmes to Kelantan for its oil starting next year, says Prime Minister Datuk Seri Najib Tun Razak. This is morale booster for Kelantan and will be a proof – point that the oil is in Kelantan Territory  or area .   Eventhough the word of Compassionate Fund or WANG EHSAN is a little bit low note , but then the most important is the fund will be tasted by Kelantanese.

And kudos to Kelantan Goverment who mastermined the called for Federal Goverment to return back the ‘HAK’ of Rakyat Kelantan.

Note : This could be an additional morale booster for Kelantan Team in Malaysia Cup Final this weekend against Negeri Sembilan.

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