Petroleum sales decline by 17% YoY to 1.66mn tons
Total Petroleum sales settled at 1.66mn tons in Oct'22, depicting a decline of 17% YoY given i) higher petroleum prices, ii) lower FO-based power generation, and iii) a plunge in…
Pakistan Pavilion dazzles at the ADIPEC 2022
Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), one of the world's most influential energy sector events, is taking place from 31-03 November 2022 in Abu Dhabi National Exhibition Centre…
OGDCL discovers oil reserves in the Attock district of Punjab
On Thursday, the Oil and Gas Development Company Limited (OGDCL), Pakistan's largest oil and gas exploration company, announced the discovery of oil reserves from its exploratory well – Toot Deep-1…
PPL AGM approves 5 percent cash dividend
The 71st Annual General Meeting of Pakistan Petroleum Limited (PPL) was held online on October 26. Members approved financial statements for the fiscal year ended June 30, 2022, together with the…
PSO is scheduled to announce its 1QFY23 result on 27th Oct’22
Pakistan State Oil (PSO) is scheduled to announce its 1QFY23 result on 27th Oct'22, where we estimate the company to post a profit after tax of PKR 7.2bn (EPS: PKR…
PPL is scheduled to announce its 1QFY23’s financial result on 27th Oct’22
Pakistan Petroleum Limited (PPL) is scheduled to announce its 1QFY23's financial result on 27th Oct'22, where we anticipate the company's profitability to clock-in at PKR 4,490mn (EPS: PKR 8.53) during…
OGDC gives an interim cash dividend of PKR 1.75/share in 1QFY23
Oil and Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax (PAT) of PKR 53,303mn (EPS: PKR 12.39) in 1QFY23 compared to PKR 33,629mn…
CNERGY has two under-construction storage terminals currently at Shikarpur and Machike.
Cnergyico Pk Limited (CNERGY) held its analyst briefing earlier today, wherein the following was discussed: · To recall, the company posted earnings of PkR4.7bn (EPS: PkR0.90) for FY22, higher by 34.2%…
Shell Pakistan posts a loss after tax of PKR 4,644 million for Q3 2022
The Board of Directors of Shell Pakistan Limited (SPL) announced the Company's 3rd quarter results on October 19th, 2022. The Company posted a loss after tax of PKR 4,644 million for the…
Mari has drilled the first ever horizontal well “Mari-122H”,
The management of Mari Petroleum Company Limited held a Corporate Briefing session on 14th Oct'22 to discuss the FY22 financial result and future outlook of the company. Brief Takeaways · To recall,…
Pakistan Oil & Gas: Strong operational 4QFY22 for E&Ps
· 4QFY22 marked a phenomenal period for the Exploration & Production sector, with macros providing the much-needed tailwind to the sector in the face of lackluster production statistics. · AKD's E&P Universe…
Sui Northern Gas Pipelines announced the financial result for 9MFY22 today
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for 9MFY22 today, posting a profit after tax (PAT) of PKR 9,437mn (EPS: PKR 14.88) compared to PKR 8,939mn (EPS:…
Oil & Gas Development Company witnessing a jump of 46% in net profit, YoY
Oil & Gas Development Company Limited (OGDC) posted a profit after tax of PKR 133,784mn (EPS: PKR 31.11) during FY22 against PKR 91,534mn (EPS: PKR 21.28) in FY21, witnessing a…
APL’s market share for FY22 stands at 10%
Attock Petroleum Limited (APL) held its analyst briefing earlier today to discuss the FY22 results, the highlights of which are as follows: · APL's market share for FY22 stands…
Pakistan Oilfields Limited – a review of financial results FY22
Pakistan Oilfields Limited (POL) held its corporate briefing session today to discuss its FY22 financial results. POL posted unconsolidated earnings of Rs25.9bn (EPS Rs91.37) in FY22, up 94% YoY. Despite…
Pakistan Petroleum bottom-line during 4QFY22 down by a massive 91%
As per latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 53,546mn (EPS: PKR 19.68) during FY22 compared to PKR 52,431mn (EPS: PKR 19.27)…
OGDC to announce a cash dividend of PKR 3.00/share
Oil & Gas Development Company Limited (OGDC) is scheduled to announced its FY22 financial result on 22nd Sep'22, where we expect earnings to settle at PKR 136,512mn (EPS: PKR 31.74),…
PPL: Earnings likely to grow by 22% YoY in FY22
Pakistan Petroleum Limited (PPL) is expected to announce its FY22 financial result on 20th Sep'22, where we expect company's bottom-line to clock-in at PKR 64,122mn (EPS: PKR 23.57) in contrast…
Pakistan OMCs sales at 1.5mn tons in Aug-2022, up 6% MoM
Pakistan oil sales increased by 6% MoM in Aug-2022 driven by High Speed Diesel (HSD) and Motor Spirit (MS) demand which improves by 12% and 7% MoM respectively. This rise…
Up and down story of Hascol Petroleum in Pakistan – future plans
Hascol Petroleum (HASCOL) after obtaining its OMC license in 2005, massively expanded its storage capacity and retail network becoming the second largest OMC Company in 2018. However, domestic macroeconomic environment…
Pakistan’s Oil & Gas reserves decline by 7% YoY in Jun’22
According to the latest hydrocarbon reserves data by PPIS, oil reserves during Jun'22 have reduced by 7% YoY, arriving at 233mn bbl compared to 249mn bbl in Jun'21. The decline…
Sui Northern Gas Pipeline is looking to diversify into LPG business
SNGP held its conference call today whereby the management discussed the FY21 financials and its future outlook. The call was led by the MD Mr. Ali Hamdani. Brief Takeaways · The…
PSO to announce a cash dividend of PKR 30.00/share.
Pakistan State Oil Company Limited (PSO) is scheduled to announce its FY22 financial result on 26th Aug'22, where we expect the company to post a profit after tax of PKR…
Shell Pakistan to discontinue its aviation operations across Pakistan
The Board of Directors of Shell Pakistan Limited (SPL) announced the Company's half year results on August 17th, 2022. The Company posted a profit after tax of PKR 7,469 million…
Attock Petroleum posted a PAT of PKR 18,536mn, up by 277% YoY.
Attock Petroleum Limited (APL) announced the financial result for FY22, whereby the company has posted a profit after tax (PAT) of PKR 18,536mn (EPS: PKR 186.23) compared to PKR 4,920mn…