Word from the FD

Welcome to the Investor Relations page on our website!

Staatsolie prides himself on having mutually beneficial long-term relationship with partners. This is how we’ve grown our company for nearly 40 years. These relationships are build on mutual understanding, patience, integrity, accountability, honesty & transparency to grow. These are elements of the core values of this company.

On this page you can find information on our strategy for success, finances and other news. More information will be added regularly.

These are exciting times for Staatsolie as we are making the transition to become a world class company. Several projects are in process to attain this status, namely:

• improving our Financial Closing process
• improving our Internal Control Environment
• preparing for an International Capital Market Transaction.

It’s our goal to continuously maximize value to our Shareholder, whilst maintaining a culture of excellence.

We invite you to browse this section and delve in to what we are all about.

If you have any questions, please contact us!

Staatsolie...Confidence in our abilities!

Agnes Moensi-Sokowikromo

Finance Director

Financial Facts

In 2023, Staatsolie reached consolidated gross revenues of US$722 million, compared to US$840 million in 2022. Pre-tax profit in 2023 was US$426 million, compared to US$430 million in 2022. We produced 6.27 million barrels of crude oil. Our refinery produced 3.16 million barrels of diesel and gasoline in 2023, and our subsidiary SPCS generated approximately 1.60 million MWh of electricity, of which 75% came from our hydro-electric plant.

Read it all in our full Annual Report 2023. There is also a summary available.