2019 Performance, Pertamina Remains Equal with World Class Companies
Jakarta, 14 August 2020 - PT Pertamina (Persero) continues to strive in improving the company performance so that it can be aligned with world companies listed in the Fortune Global 500 list. The Fortune Global 500 is an annual event conducted by Fortune magazine, in which one of its main benchmarks include the income.
Vice President of Corporate Communication of Pertamina, Fajriyah Usman, explained that this belief is because of the performance in 2019, where revenues reached USD 54.58 billion and profits of USD 2.5 billion.
"This year, Pertamina is not listed in the Fortune Global 500 ranking, but with total revenue of USD 54.58 billion, Pertamina's performance equals the world company that occupies the 198th position, namely Nippon Steel Corporation with revenues of USD 54.45 billion," she said.
Under the 198 ranking, there are several other well-known global companies, such as Goldman Sachs Group, Morgan Stanley, Caterpillar, and LG Electronics, which are in positions 202 - 207 with revenues of around USD 53 billion. Meanwhile, other world energy companies, such as Repsol and ConocoPhilips, were ranked 245th and 348th.
Fajriyah said, next year, Pertamina is confident that it will be listed again in the Fortune Global 500 list with a higher position.
"The restructuring that is currently being carried out by Pertamina is part of a business transformation as a world-class energy company to increase corporate value. With the support of all parties, Pertamina hopes that the aspiration to become a global energy champion can be achieved, and we will able to place this SOE in the Fortune 100 Global position," said Fajriyah.
Efforts to achieve these aspirations are also encouraged by the implementation of New Pertamina Clean, which is the commitment of the management and all Pertamina employees to continue to have high integrity, cleanness, and transparency.
"The 9 points of New Pertamina Clean include carrying out company operations by supporting business ethics and being responsible and adhering to the Good Corporate Governance guidelines and the 4 NO's principles (No Bribery, No Kickback, No Gift and No Luxuries). It will continue to be internalized together with AKHLAK values (Trustworthy, Competent, Harmonious, Loyal, Adaptive, and Collaborative) so that it becomes a culture that supports continuous performance improvement," she said. **