BlackRock Adjusts PGN (PGAS) and MEDC Positions Amid Energy Sector Pressures

BlackRock Adjusts PGN (PGAS) and MEDC Positions Amid Energy Sector Pressures

By August 2025, BlackRock reduced its PGAS holdings by 1.38 million shares to 349.20 million, and trimmed MEDC shares by 553,380 to 136.04 million.

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Kamis, 14 Agustus 2025 | 14:30

Bisnis.com, JAKARTA — BlackRock Inc. was seen adjusting its positions in oil and gas companies PT Perusahaan Gas Negara Tbk. (PGAS) and PT Medco Energi Internasional Tbk. (MEDC) in August 2025.

As of August 11, 2025, growth in the energy sector index (IDXENERGY)—tracking oil, gas, coal, and related services—slowed to 12.82 percent year-to-date.

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