Petronas Dominates Market + Exports Tech, Pertamina Dominates Market + Exports Losses - Which One Truly Serves the Nation?

Imagine two giants standing one the same oil-rich soil.
One ships cutting-edge tech to Canada and cashes US$15 billion in annual profit. 
The other ships red ink to its own treasury and begs for Rp 200 trillion in subsidies. Same game. Different scoreboards. 

Petronas vs. Pertamina. 

When national pride meets market reality — Petronas turns energy into technology, while Pertamina struggles to turn oil into profit.

From Jungle Refinery to Global Boardroom

1974. Malaysia launches Petronas with zero experience. 
Fast-forward: they design floating LNG plants that chill gas at sea, then license the tech to Shell and Exxon. 
Revenue? US$70 billion last year. Dividends to citizens? US$10 billion. 

1975. Indonesia already swims in crude. Pertamina controls 90% of the downstream market. 
Today? Still imports 70% of its gasoline. Kilang baru? Mostly Powerpoint dreams 2024 loss projection: Rp 20 trillion-again. 

One exports innovation. 

the other exports excuses. 

Numbers Don't Lie 

Petronas raked in US$70B revenue with +US$15B net profit, poured 2,1% into R&D, fled 320+ global patents in five years, and handed US$10B dividends to Malaysia's government-turning monopoly into mastery. Pertamina? US$65B revenue, -US$1.3B loss, a stingy 0,4% on R&D, under 50 patents, and Rp 0 dividends-only begging for subsidies-turning monopoly into a money pit. 

Petronas turned monopoly into mastery.

Pertamina turned monopoly into a money pit. 

The Real Question Nobody Wants to Ask

 Market dominance is easy when the state hands you the keys. But serving the nation? That's harder. 

Petronas funds universities, green hydrogen labs, and zero-flaring tech across ASEAN.
Pertamina funds... fuel queues and parliamentary hearings. 

So tell me:

1. Is "national champion" a title for controlling shelves or creating wealth?
2. When a company bleeds the budget dry, whose flag is it really flying? 
3. If Petronas can IPO at US$100 billion market cap, why does Pertamina hide behind "strategic asset" excuses?

Wake-Up Call or Funeral Bell?

Indonesia sits on the world's 12th-largest oil reserves. 
Malaysia? Barely cracks the top 30.
Yet one nation exports the future. The other imports the past. 

Stop celebrating market share. 
Start demanding shareholder value-for 270 million shareholders called citizens. 

The next time someone brags "Pertamina controls 90%" ask: 
"Cool, When do we see the profits?"