Jakarta, CNBC Indonesia – PT Pertamina (Persero) has again listed its name on the Fortune Global 500 list in 2021. Pertamina is the only Indonesian company to be included in this list.
For this achievement, the President Commissioner of Pertamina Basuki Tjahaja Full moon alias Ahok Congratulations to the management who have done optimization costs in the company.
“Congratulations to the management who have worked to do cost optimization,” say Ahok to CNBC Indonesia, Tuesday, (03/08/2021).
Ahok appreciate the performance of the Board of Commissioners (BOC) and the Board of Directors (THAT) all sub-holdings, because they have worked to support Pertamina’s management policies.
“And also work BOC THAT all sub holdings that work to support Persero’s management policy (holding),” continued ex- plt governor DKI this Jakarta.
Meanwhile, for this achievement, the President Director of Pertamina Nicke Widyawati express thanks to all stakeholders or stakeholders.
According to him, Pertamina’s achievement cannot be separated from the positive support from various parties, including the directors, board of commissioners and all Pertamina Group employees, as well as shareholders, government, community and other stakeholders.
“This is also an international acknowledgment that Pertamina is equal to other world class companies,” he said Nicke as quoted from the company’s official statement, Tuesday (03/08/2021).
She said pandemic This has been a challenge faced by Pertamina since last year. Nicke said Pertamina experienced a triple shock so that it experienced a significant decrease in revenue.
However, with innovations and business breakthroughs carried out in all business lines and the ongoing organizational transformation, Pertamina was able to increase the company’s revenue to US$ 41.47 billion or equivalent to Rp. 601 trillion (exchange rate of Rp. 14,500/US$) and recorded a profit of US$ 1 .05 billion or equivalent to Rp. 15.23 trillion in 2020.
As a BUMN, Pertamina is also consistent in ensuring the supply of energy for the country through various programs, including: BBM One Price, Conversion BBM ke BBG for fishermen and farmers, construction of natural gas transmission and distribution networks, as well as other downstream infrastructure.
Through the achievement of Pertamina’s operational and financial performance, the total government revenue in 2020 contributed by Pertamina almost reached Rp 200 trillion, namely through tax payments, dividends, and Non-Tax State Revenue (PNBP) worth Rp 126.7 trillion, as well as state revenues from the State’s share of Crude Oil and Condensate (MMKBN) from Pertamina’s oil and gas blocks amounting to Rp 73.1 trillion.
With an energy ecosystem that continues to run from upstream to downstream, Pertamina maintains the survival of 1.2 million direct workers, as well as the multiplier effect on around 20 million workers indirectly.
Pertamina’s support to the wider community for recovery pandemic also continue to be felt. Starting from the construction of several hospitals Covid-19, transportation assistance for oxygen distribution, to Pertamina’s attention to more than 13,000 UMKM affected pandemic to survive and even advance to class.
“Challenge pandemic Covid-19 is not light. In addition to strengthening steps to achieve the target market value of US$ 100 billion by 2024, all levels of management and employees remain focused on providing services to the community. We are optimistic that it will continue to grow and continue to provide the widest possible benefits for the community and the country.” he explained.
The Fortune Global 500 ranking is an annual event conducted by Fortune magazine since 1955. The main benchmark is the amount of revenue, including consolidated gross revenue.
Other indicators are shareholder equity participation, market capitalization, profits, number of employees, and since 1990 the company’s country of origin indicator is also considered in the Fortune Global 500.
The international oil and gas companies that are included in the list of the top 10 Fortune Global 500 are energy giants from China, China National Petroleum (CNP) and Sinopec The group is ranked 4th and 5th in the 2021 Global Fortune 500 respectively.
CNP recorded revenues of US$ 283.96 billion and profit of US$ 4.57 billion in the 2020 financial year. Meanwhile Sinopec recorded revenue of US$ 283.73 billion and profit of US$ 6.21 billion in the 2020 financial year.
While Saudi ranking Aramco dropped to 14th place this year with revenue of US$ 229.77 billion and profit of US$ 49.29 billion in fiscal year 2020. Last year Saudi Aramco ranked 6th.
As for several other international oil and gas companies, although financially managed to achieve significant revenues, these companies experienced losses in 2020, including BP (18), Royal Dutch Shell (19), Exxonmobil (23), Chevron (75) and Petronas (277).
Being below the rank of Pertamina, Repsol in position 381, while from other industries there are Coca-Cola (370), Tesla (392) and Danone (454).
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