Industrial training report: Wisma Darul Aman. Special project: Determinants of profitability in the oil and gas industry in Malaysia (2012-2022)

During my internship at Wisma Darul Aman, I had the opportunity to delve into the intricacies of organizational operations, gaining valuable insights into the dynamic world of government sector. Over the course of almost 6 months, I actively contributed to various projects, collaborated with cross-functional teams, and honed my skills in Finance and Treasury Department. My experience involved me to participate in three units in Finance Department which are Procurement Unit, Budget Unit, “Hasil” Unit and all units in Treasury Department, which allowed me to witness first-hand the inner workings of Wisma Darul Aman. The exposure to the company's corporate culture and its commitment to excellence has significantly enhanced my understanding of professional environments. I am confident that the knowledge and skills acquired during this internship will serve as a solid foundation for my future career attempts.
The oil and gas industry in Malaysia, spanning the decade from 2012 to 2022, has been shaped by various determinants that significantly influence profitability. This executive summary aims to provide a brief overview of key factors impacting the financial performance of companies operating in this sector. Global oil prices, influenced by geopolitical events, supply-demand dynamics, and economic conditions, have been crucial in determining profitability. Fluctuations in international oil markets presented challenges and opportunities for Malaysian firms, prompting them to optimize operations and financial strategies. Technological advancements drove efficiency and cost-effectiveness in exploration, extraction, and production processes. Companies investing in modern technologies gained a competitive edge, enhancing long-term profitability and sustainability.