Pakistan State Oil (PSO), the national energy icon, has showcased its unwavering determination and resilience by achieving remarkable milestones in the first quarter of the financial year 2023-2024. In this…
Pakistan State Oil Company Limited (PSO) announced its financial result for 1QFY24 whereby the company posted a profit after tax (PAT) of PKR 21.9bn (EPS: PKR 46.62) compared to profit…
Pakistan State Oil (PSO) is expected to announce its 1QFY24 financial result on 20th October, where we expect the company to post PAT of PkR18.3bn (EPS: PkR39.0), higher by 14.0xYoY…
The Board of Directors of Shell Pakistan Limited (SPL) announced nine months' results for the company on October 18th, 2023. The company successfully delivered a profit after tax of PKR…
Pakistan recorded monthly OMC sales of 1.06mn tons, down significantly by 31% YoY and 25% MoM in Sep 2023, the lowest level since COVID lockdown in March 2020. This decline…
As per the latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 97,937mn (EPS: PKR 35.99) during FY23 compared to PKR 53,546mn (EPS: PKR…
As per the latest available data from PPIS, the country's oil reserves stand at 193mn bbl in Jun'23 compared to 233mn bbl in Jun'22, a decline of 17% YoY (which…
Total sales of petroleum clocked in at 1.41mn tons in Aug'23, declining by 8% YoY, which is mainly on account of 64% YoY fall in FO sales given lower reliance…
Attock Petroleum Limited (APL) announced the financial result for FY23, whereby the company has posted a profit after tax (PAT) of PKR 12,461mn (EPS: PKR 100.15) against PKR 18,536mn (EPS:…
The nation's leading energy company, PSO has achieved remarkable progress and demonstrated resilience in a challenging energy market. During a meeting held at PSO House on August 23, 2023, the…
Pakistan State Oil Company Limited (PSO) announced its financial result for FY23 posting a profit after tax (PAT) of PKR 5.7bn (EPS: PKR 12.06), down by 93% YoY. On a…
The Board of Directors of Shell Pakistan Limited (SPL) announced half year results for the company on August 16th. The company posted a profit after tax of PKR 3.5 billion…
Mari Petroleum Company Limited (MARI) reported its 4QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 15.84bn (EPS: PkR118.7) for the quarter, changing by –4%/183%…
Petroleum sales declined by 6% YoY to 1.35mn MT in Jul'23 with the decline largely attributable to a plunge in FO volumes by 59% YoY due to lower offtake by…
Mr. Irfan Iqbal Sheikh, President FPCCI, has strongly condemned the massive hike in petroleum products, i.e. petrol by PKR. 19.95 per liter to make it 272.95 & high speed diesel…
Total sales of petroleum settled at 1.34mn tons in Jun'23, declining by 31% YoY which is mainly on account of i) higher petroleum prices, ii) economic slowdown, iii) jump in…
Oil and Gas Development Company Limited (OGDCL), Pakistan's leading exploration and production company, has revived the Jhal Magsi Gas project to meet the country's growing energy demands. The state-of-the-art gas…
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for FY22 today, posting a profit after tax (PAT) of PKR 10,366mn (EPS: PKR 16.34), dropping by 6% YoY. During…
Pakistan State Oil (PSO) conducted a corporate briefing on 9MFY23 performance to discuss current and future operational dynamics. Regarding the buildup of gas circular debt, the management mentioned that the…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday welcomed the announcement of…
By the grace of Almighty Allah, Oil and Gas Development Company Limited (OGDCL), the operator of the Wali (Bettani) Exploration License with a 100% working interest, is delighted to announce…
Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has announced its intention to sell its holding in Shell Pakistan Limited (SPL), simplifying Shell's portfolio. Shell Pakistan has been…
In a landmark partnership, the Oil & Gas Development Company Limited (OGDCL) has joined hands with the Lahore University of Management Sciences (LUMS) Rausing Executive Development Centre (REDC) for the…
With eleven months of the fiscal year behind us, the prominence of oil marketing companies has diminished greatly since the calendar year began. The sector has lost 12.1% in market…
Total petroleum sales arrived at 1.30mn tons in May'23, plunging by 40% YoY which is mainly on account of i) surge in petroleum prices, ii) slowdown in the economy, iii)…
