PT Pertamina (Persero), formerly abbreviated from Perusahaan Pertambangan Minyak dan Gas Bumi Negara (lit. 'State Oil and Natural Gas Mining Company'), is an Indonesian state-owned oil and natural gas corporation based in Jakarta. It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957). In 2020, the firm was the third-largest crude oil producer in Indonesia behind US-based companies ExxonMobil's Mobil Cepu Ltd and Chevron Pacific Indonesia. In 2013, Pertamina was included for the first time in the Fortune Global 500 list of companies, ranked at 122 with revenues of $70.9 billion, it was also the sole Indonesian company to be featured in the list. According to the 2020 Fortune list, Pertamina is the largest company in Indonesia. More information...
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