Pakistan State Oil Company EPS arrived at PKR 8.46 in 1QFY25
Pakistan State Oil Company Limited (PSO) announced the financial results for 1QFY25. The company posted a net profit of PKR 3,971mn (EPS: PKR 8.46) compared to PKR 21,888mn (EPS: PKR…
PSO successfully convened its 48th AGM in Karachi.
Pakistan State Oil (PSO), the nation's leading energy company, successfully convened its 48th Annual General Meeting (AGM) in Karachi. The meeting was chaired by the Chairman of the board of…
OGDC updates about condensate discovery at Baloch-2, it started production
OGDCL informed PSX today that, in addition to our disclosure on August 30, 2024, regarding the gas condensate discovery at Baloch-2 in the Sembar formation, the company has announced that…
PRL 64th AGM spotlighted the company’s expansion and upgrade project
Pakistan Refinery Limited (PRL) conducted its 64th Annual General Meeting (AGM) at its head office on October 19, 2024, unveiling significant progress in strategic expansion and reinforcing its commitment to…
Attock Petroleum profitability arrives at PKR 19.17 in 1QFY25
Attock Petroleum Limited (APL) announced the financial result for 1QFY25, whereby the company has posted a net profit of PKR 2,385mn (EPS: PKR 19.17) compared to PKR 5,260mn (EPS: PKR…
OGDC, PPL, POL and Mari result preview of 1QFY25
1QFY25: Oil and gas production down 8% and 7% YoY During 1QFY25, Pakistan's oil and gas production witnessed a decline of 8% and 7% YoY, respectively, amid annual turnarounds (ATAs)…
PSO: A mixed results expected for 1QFY25, IMS Research
Pakistan State Oil Ltd. (PSO) is expected to report net profits of PKR2.9bn for 1QFY25 (EPS: PKR6.07), up 16% QoQ but down 87% YoY. Despite lower volumetric sales, PSO’s earnings…
OMC margins proposed to increase by 17%:AKD Research
As per news reports, a summary has been moved by OGRA to raise OMC margins by PkR1.35/liter (up by 17%) from present levels of PkR7.87/liter. To note, historically OMC margins were…
Revision of the OMC margins on the card:AHL Research
OGRA has proposed revising the margins for Oil Marketing Companies (OMCs) and dealers. The proposals were submitted after PSO provided operating cost data to review and calculate margins. The OMC…
An update about PPL
Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V, reached a mutually favourable settlement with Iraq's Midland Oil Company. Midland Oil Company intimated the termination or…
PPL: Receivable collection improves to 113% in 4QFY24
* PPL's cash collections improves to 113% in 4QFY24, marking an increase of over 100% for the first time since 4QFY20. This represents a significant improvement compared to…
Shell Pakistan performanc in FY24
SHEL conducted its analyst briefing recently to brief investors about 1HCY24 results and shed light on the future outlook: · Company’s NPAT stood at PkR1.5bn (EPS: PkR6.16) during 1HCY24, down by…
PSO – 4QFY24 receivable collection bolsters to 112%; trade debts fall by PkR36bn QoQ
An analysis of PSO's FY24 transmission released today reveals a marked improvement in the company's cash collection for the second quarter, resulting in positive operating cashflows (CFO) for the first…
PSO’s sales up by 8% YoY in Sep’24
The country’s petroleum sales arrived at 1.27mn tons during Sep’24, showcasing a jump of 20% YoY. The jump in sales comes from higher demand amid a decline in MS and…
OGDC – Discovery of Akhiro-1 in Sawan South JV
United Energy Pakistan (UEP), the operator of the Sawan South Block in Khairpur, Sindh, has discovered gas in the Lower Goru B reservoir of the Akhiro-1 well, with an estimated…
OGDC profitability declined by 42% YoY to PKR 8.81/share in 4QFY24
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting earnings of PKR 208,976mn (EPS: PKR 48.59) during FY24, down by 7% YoY. On a quarterly basis,…
PPL posting a net profit of PKR 114,309mn (EPS: PKR 42.01) during FY24
Pakistan Petroleum Limited (PPL) announced its financial result today, posting a net profit of PKR 114,309mn (EPS: PKR 42.01) during FY24, up by 17% YoY, which is primarily due to…
Pakistan Refinery is concluding the FEED study for the refinery upgrade project
Pakistan Refinery Ltd (PRL) held its FY23 analyst briefing earlier today to update investors on the company’s financial performance and future outlook: The company posted earnings of PkR1.82bn (EPS: PkR2.90)…
Aramco has not commissioned any site in Pakistan
‘No Aramco site has been commissioned anywhere in Pakistan so far. A formal announcement will be made at an appropriate time.’ Zeeshan Tayyeb, Chief Operating Officer of Gas & Oil…
Dragons of Pakistan 2024 Awards recognised the best marketing campaigns.
The inaugural Dragons of Pakistan Awards came to a thrilling conclusion at the Pearl Continental Marquee. Mike Da Silva, Director of Dragons of Asia, attended the event as a guest…
POL announced a final cash dividend of PKR 70.00/share (PKR 95.00/share in FY24).
Pakistan Oilfields Limited (POL) announced its financial result today, posting a profit after tax of PKR 39,152mn (EPS: PKR 137.93) during FY24 compared to PKR 36,453mn (EPS: PKR 128.42) in…
PSO launches innovative Blue LPG Initiative to enhance energy access
Pakistan State Oil (PSO), the leading energy company, in collaboration with the Government of Gilgit-Baltistan, proudly announces the launch of the "Blue LPG Initiative," a pioneering project aimed at transforming…
OGDC discoverd of Baloch-2, Sinjhoro Block in Sindh
Oil and Gas Development Company (OGDC), the operator of the Sinjhoro Block in Sindh, has discovered Baloch-2 in the Sembar Formation. Baloch-1 was found in 2009 but was fully depleted…
PSO reports profit PKR 15.9 billion in FY24 – a dividend of PKR 10/- per share
PSO, the nation's largest energy company, showcased impressive financial performance and strategic prowess in a challenging market. At a meeting held in Islamabad on August 27, 2024, the Board of…
PSO to announce a final cash dividend of PKR 10.00/share in FY24 (PKR 7.50 in FY23).
According to a report from AHL Research, Pakistan State Oil Company Ltd (PSO) is scheduled to announce its FY24 financial result on 27 August ’24. We expect the company to…