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  • Title
    President Director and CEO
  • Affiliation
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  • 2020 Rank

As head of Indonesia’s state-owned energy company, a $41.5 billion enterprise with 34,000 employees, Widyawati faced a “triple shock”—falling oil prices, decreased fuel demand, and exchange rate pressure—during the 2020 pandemic year. Those factors led to a steep decline in both revenues (down 24%) and profits (down 58.4%) at the firm last year. While conditions have improved and Pertamina hit production targets in the first half of 2021, COVID is expected to again weigh on the company’s results. Pertamina also suffered fires at two of its refineries earlier this year. Amid those challenges, Widyawati is working to support Indonesia’s energy transition, by building a portfolio of renewable energy sources to more cleanly power the country in the future.


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