Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting an earnings of PKR 171,104mn (EPS: PKR 39.78) during 9MFY24, uptick of 7% YoY. The growth in…
Earnings declined by 16% YoY to PKR 10.16/share in 3QFY24 Pakistan Petroleum Limited (PPL) announced its financial result today, posting a net profit of PKR 96,411mn (EPS: PKR 35.43) during 9MFY24,…
Mari Petroleum Company Limited (MARI) announced its financial result today, posting a bottom line of PKR 51,629mn (EPS: PKR 387.02) during 9MFY24 against PKR 40,291mn (EPS: PKR 302.02) in 9MFY23,…
Pakistan State Oil (PSO), the leading energy company, maintained its industry dominance and demonstrated steady performance in 9MFY24.The company announced a net profit of PKR 13.4 billion, translating into earnings…
Attock Petroleum Ltd (APL) has reported 3QFY24 NPAT of PKR3.0bn (EPS: PKR23.96), up 17% QoQ but down 31% YoY—slightly higher than our estimated EPS of PKR22.65. The sequential increase in…
Mari Petroleum Company Limited (MARI) is scheduled to post 3QFY24E earnings on Friday, where we expect the company to report PAT of PkR20bn for the quarter (EPS: PkR150.2), higher by…
We expect Pakistan Petroleum Limited (PPL) to post NPAT of PkR27.1bn (EPS: PkR9.99) for 3QFY24E, down 32%/17% QoQ/YoY. The decline in quarterly earnings is largely attributable to a higher NPAT…
Oil & Gas Development Company Limited (OGDC) is scheduled to release its 3QFY24E earnings on April 29th, where we expect the company to post NPAT of PkR42.67n (EPS: PkR9.93), down…
9MFY24: Oil production up by 1% YoY; Gas production down by 3% YoY The oil production of Pakistan witnessed an uptick of 1% YoY during 9MFY24. The production growth is contributed…
PPL has informed the Pakistan Stock Exchange today of its contribution towards Pakistan's Energy Outlook as it remains committed to ensuring a secure energy future by maximising domestic hydrocarbon production.…
According to media reports, the government is all set to speed up the process of deregulating petroleum products amid a rising influx of smuggled oil products in the country, as…
Pakistan State Oil (PSO) is expected to announce its 3QFY24E financial result in late April, where we expect the company to post a PAT of PkR1.96bn (EPS: PkR4.17). Like most…
Pakistan Refinery Limited (PRL) is all set to sign a supplemental agreement with the Oil and Gas Regulatory Authority (OGRA). This agreement will pave the way for a transformative upgrade…
Mar'24: Petroleum Sales grew by 4% YoY to 1.15mn tons The total dispatches of petroleum products in Mar'24 arrived at 1.15mn tons, depicting an increase of 4% YoY. The jump…
· As per latest figures from PPIS for Jan'24, crude oil production stood at 71.7k BPD, depicting a decrease of 0.4%/0.4% on a MoM/YoY basis. · Country's oil production remained…
According to the PPIS's data, Pakistan's oil reserves reduced by 14% YoY, arriving at 193mn bbl in Dec'23 compared to 224mn bbl in Dec'22 amid natural decline at major oil…
The Board of Directors of Shell Pakistan Limited (SPL) announced the company's financial results for the year ended December 31st, 2023. The company posted a profit after tax of PKR…
Feb'24: Petroleum Sales plummeted by 8% YoY to 1.12mn tons Total petroleum sales during Feb'24 arrived at 1.12mn tons (5-months low), showcasing a decrease of 8% YoY. The decline in…
Oil & Gas Development Company Ltd (OGDC) reported its 2QFY24 earnings today, wherein the company posted its highest ever quarterly Profit After Tax (PAT) of PkR74.25bn (EPS: PkR17.27), higher by…
The Oil and Gas Development Company Limited (OGDCL) has informed the Pakistan Stock Exchange (PSX) today that a significant gas-condensate discovery from its exploration efforts at Kharo-1, a well drilled…
Pakistan State Oil Ltd (PSO) announced its 2QFY24A financial result, reporting an unconsolidated LAT of PkR14.14bn (LPS: PkR30.12), representing a significant decline from PAT of PkR21.8bn (EPS: PkR46.62) witnessed in…
Pakistan Petroleum Limited has informed the Pakistan Stock Exchange (PSX) that as part of the field development activities in the Adam D&PL area, Hala JV has successfully drilled and tested…
Pakistan State Oil Company Ltd (PSO) is scheduled to announce its 1HFY24 financial result on 15th Feb'24, where we expect the company to post a profit after tax of PKR…
OGDC is expected to post 2QFY24f NPAT of PKR45.1bn (EPS: PKR10.48) with a QoQ reduction of 8% (up 8% YoY). This shall bring 1HFY24 NPAT to PKR94.1bn (EPS: PKR21.88), flat…
The petroleum dispatches during Jan'24 clocked in at 1.38 million tons, depicting a decline of 4% YoY. The reduction in sales comes from i) higher petroleum product prices and ii)…
