10MFY23: Petroleum sales dropped by 24% YoY to 13.97mn tons
Total sales of petroleum products arrived at 1.17mn tons in Apr'23, depicting a massive dip of 46% YoY which is majorly attributable to i) higher petroleum prices, ii) economic slowdown,…
Mari records a net profit of PKR 16,430mn (EPS: PKR 123.16), up by 51% YoY.
Mari Petroleum Company Limited (MARI) announced its financial result today, posting a net profit of PKR 40,291mn (EPS: PKR 302.03) during 9MFY23 compared to PKR 27,459mn (EPS: PKR 205.84) in…
PSO dominates a challenging energy market
Pakistan State Oil (PSO) exhibited exceptional resilience and reported a net profit of PKR 10.3 billion (9MFY22: PKR 64.8 billion) with Earnings Per Share of PKR 21.9. The company's strong…
PPL: EPS of PKR 30.08 in 9MFY23
As per latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 81,835mn (EPS: PKR 30.08) during 9MFY23 versus PKR 52,329mn (EPS: PKR 19.23) in…
APL: EPS of PKR 79.06 in 9MFY23
Attock Petroleum Limited (APL) announced the financial result for 9MFY23, whereby the company has posted a profit after tax (PAT) of PKR 9,836mn (EPS: PKR 79.06) against PKR 11,247mn (EPS:…
PSO: EPS of PKR 21.91 in 9MFY23
Pakistan State Oil Company Limited (PSO) announced its financial result for 9MFY23 posting a profit after tax (PAT) of PKR 10.3bn (EPS: PKR 21.91) compared to PKR 64.8bn (EPS: PKR…
OGDC announced a cash dividend of PKR 1.80/share in 3QFY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax of PKR 159,639mn (EPS: PKR 37.12) during 9MFY23 compared to PKR 112,044mn (EPS:…
PPL funds the Center of Excellence at UET, Lahore
Pakistan Petroleum Limited (PPL), a leading E&P company since the early 1950s and one of the largest corporate donors in the country, has funded the establishment of 'Center of Excellence…
APL is scheduled to announce its 9MFY23 financial result on 27th Apr’23
Attock Petroleum Limited (APL) is scheduled to announce its 9MFY23 financial result on 27th Apr'23, where we expect the company to post a Profit after tax of PKR 8,953mn (EPS:…
PSO to post a profit after tax of PKR 10,960mn in 9MFY23
Pakistan State Oil Company Limited (PSO) is scheduled to announce its 9MFY23 financial result on 27th Apr'23, where we expect the company to post a profit after tax of PKR 10,960mn…
PPL is expected to announce its 9MFY23 on 27th Apr’23
The management of Pakistan Petroleum Limited (PPL) is expected to announce its 9MFY23 on 27th Apr'23. We anticipate the company to post profitability of PKR 77,993mn (EPS: PKR 28.66) in…
OGDC to report earnings of PkR 13.56/sh for 3QFY23.
Oil & Gas Development Company Limited (OGDC) is scheduled to release its 3QFY23 earnings on 27th April, wherein we expect the company to post NPAT of PkR58.3bn (EPS PkR13.56), up…
OGDCL and PARCO to explore opportunities for business growth. Int’l consultants would be engaged.
Oil & Gas Development Company Limited (OGDCL) and PARCO ink MOU for new projects as part of business diversification and energy transition strategy. This MOU was signed for collaboration and…
PARCO shuts down its refinery for 5-day scheduled maintenance
On Wednesday night – April 5, 2023, Pak-Arab Refinery Ltd. temporarily shut down its operations for five days as part of its scheduled maintenance work. The refinery will resume its…
Petroleum sales declined 9% MoM in Mar-2023; Lowest oil sales recorded in 35 months
Pakistan oil sales in Mar-2023 decreased by 9% MoM to 1.11mn tons mainly due to 1) lower demand of FO for power generation, and 2) slowdown in overall economic activity…
MARI’s 2P reserves stood at 870MMBOE as of Jun’22
· 1HFY23 marked a phenomenal period for the MPCL, with a weakening exchange rate alongside Arab light prices, providing a much-needed impetus to the sector overall in the face of…
Energy giants sign MoU to pursue green hydrogen projects in Pakistan and aboard.
Leading exploration and production (E&P) companies Oil & Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private…
OGDCL launches program to distribute 100 ambulances across Pakistan
Oil and Gas Development Company Limited (OGDCL) is the largest exploration & production company in Pakistan working across the nation. The company has an impressive track record of carrying out…
GO brings smiles to the faces of children from sweet home, Burewala
Gas & Oil Pakistan Ltd. (GO) sponsored a three-day educational and recreational trip for 20 children of Sweet Home, Burewala. Sweet Home is a project of Kauser Majeed Foundation, run…
Shell Pakistan announces financial results for 2022
The Board of Directors of Shell Pakistan Limited (SPL) announced the company's financial results for the year ended December 31st, 2022. The company posted a loss after tax of PKR…
Carrefour partners with Pink Ribbon to raise Breast Cancer awareness.
Carrefour joins hands with Pink Ribbon to collect donations for the completion of Pakistan's first dedicated breast cancer hospital Donation boxes to be placed at all Carrefour stores across Pakistan…
Petroleum sales declined 16% MoM in Feb-2023
Pakistan oil sales in Feb-2023 decreased by 16% MoM to ~1.22mn tons mainly due to 1) seasonal trend of slowdown in February, 2) higher prices of MS, HSD and 3)…
POL posted Profit After Tax (PAT) of PkR 5.95bn
Pakistan Oilfields Ltd (POL) reported its 2QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 5.95bn (EPS: PkR20.97) for the quarter, lower by 29%QoQ—lower than…
PPL an interim cash dividend of PkR1.0/sh
Pakistan Petroleum Limited (PPL) reported its 2QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 22.17bn (EPS: PkR8.15) for the quarter, lower by 16%QoQ and…
OGDC announced a cash dividend of PKR 2.25/share in 2QFY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax of PKR 95,012mn (EPS: PKR 22.09) during 1HFY23 compared to PKR 68,883mn (EPS:…