Its president and chief executive officer Datuk Shamsul Azhar Abbas said revenue rose 14.4 per cent to RM241.2 billion from RM210.8 billion.
Pre-tax profit increased 34.5 per cent to RM90.496 billion from RM67.3 billion previously.
The national oil company declared a dividend of RM30 billion to the government.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the year included a net gain of RM9.2 billion arising from the initial public offering of Petronas Chemicals Group Bhd (PCGB) and Malaysia Marine and Heavy Engineering Holdings Bhd (MHB).
Excluding the said gain, EBITDA increased by 18.5 per cent, in line with higher revenue, Shamsul Azhar told a press conference here today.
Return on revenue for the year was 37.5 per cent despite rising cost which reflected stronger prices and the group's continuous drive for operational efficiencies.
Higher prices and robust demand resulted in improved performance for all core businesses, said Petronas executive vice-president of finance Datuk George Ratilal.
"Petronas' own performance was also in trend with our competitors, indicating another year of resilient performance by the group," he said.
He said gross revenue increased by 12.9 per cent with the downstream business being the biggest revenue contributor at 42.4 per cent of total gross revenue.
Cash from operations was RM70.8 billion compared to RM56.1 billion in the previous year, representing an increase of 26.2 per cent mainly due to better earnings.
A total of RM34.9 billion in capital expenditure was mainly spent towards intensifying exploration and production activities and continuing other efforts.
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