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GKP Shares Rise following Results Announcement

By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading up nearly five percent on Thursday after the company announced its results for the full year ended 31 December 2022 and the 2022 Competent Person's Report: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We delivered strong operational and financial performance in 2022
John Lee Jon Harris Gross Mmstb Petroleum Resources Management System Ministry Of Natural Resources Field Development Plan

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Petron posts net loss of RM21.4m due to declining crude prices amid high importation costs

Petron Malaysia Refining & Marketing Bhd (PMRMB) posted a net loss of RM21.37 million in the fourth quarter ended Dec 31,2022 from a net profit of RM60.53 million a year ago due to a decline in crude oil prices amid expensive importation costs. In a statement on Thursday, the group said there was a sustained decline in crude prices to an average of US$89 per barrel during the quarter under review compared with US$114 and US101 per barrel in the second and third quarter respectively.
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