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…
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 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…
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)…
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…
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…
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:…
The management of Pakistan Petroleum Limited (PPL) is expected to announce it 1HFY23 on 27th Feb'23. We forecast the company to post a bottom line of PKR 51,792mn (EPS: PKR…
Total petroleum sales settled at 1.44mn tons in Jan'23, showing a fall of 20% YoY owed to i) a surge in petroleum prices, ii) economic slowdown, iii) a massive slump…
Mubadala Energy, the Abu Dhabi-based international energy company, has announced the signing of a Memorandum of Understanding (MoU) with OMV Downstream GmbH (OMV) and Pak-Arab Refinery Limited (PARCO) to explore…
· Pakistan State Oil (PSO) is expected to announce its 2QFY23 financial result sometime in January, where we expect the company to post PAT of PkR2.4bn (EPS: PkR5.1) · The…
Mari Petroleum Company Limited (MPCL) has made a gas discovery at its exploratory well Mari Ghazij-1, located in Mari D&PL in Sindh Province. MPCL is the Operator of Mari D&PL…
The Managing Directors of Sui Southern Gas Company Limited (SSGC) and Fauji Fertilizer Bin Qasim Limited (FFBL) signed the Third Addendum to the Gas Supply Agreement (GSA) on January 4, 2023,…
Pakistan oil sales in Dec-2022 decreased by 14% MoM to ~1.34mn tons mainly due to 1) a seasonal trend of slowdown in December, 2) lower demand of FO for power…
The bear dominated the stock market during the month, and the index registered a fall off 1,928ptsMoM to settle at 40,420pts levels. The declining trend was primarily attributed to political…
· Recent government estimates point towards the gas circular debt to have increased to ~PkR900bn by Nov'22, compared to ~PkR719bn as of Mar'22. The companies majorly affected by the circular debt…
Pakistan State Oil (PSO) wins 'Silver' at the prestigious South Asian Federation of Accountants (SAFA) for Best Presented Annual Report 2021 in the category of Public Sector Entities. The award…
Shell, the leading global supplier of finished lubricants for 16 consecutive years, has collaborated through Shell Pakistan Limited with Hyundai Nishat Motor Private Limited (HNMPL) to launch co-branded lubricant products…
Pakistan state-owned - Oil & Gas Development Company Limited (OGDCL) as Operator (100%), has discovered Oil and Gas from a development cum exploratory well, namely Chak-5 Dim South-3, located in…
Staying true to its commitment of driving the energy sector forward, the leading energy company, Pakistan State Oil (PSO) has added yet another product to its extensive portfolio by introducing…
· We revisit our investment case for Attock Petroleum Limited (APL), revising Dec'23 target price to PkR390/sh from previous PkR370/sh, providing a total return of 48% from last close. ·…
· POL product sales clocked in at 1.55mn tons for Nov'22, down by 12%/7% on YoY/MoM basis, compared to 1.75mn/1.66mn tons during Nov'21/Oct'22. · Incoming winter season has had its say on…
Total Petroleum sales clocked in at 1.55mn tons in Nov'22, displaying a decline of 12% YoY amid i) overall economic slowdown, ii) higher petroleum prices, and ii) lower FO-based power…
As a responsible corporate, the Oil and Gas Development Company Limited (OGDCL) under its CSR Program yesterday launched 'MASHAL-E-ELM Program' for out-of-school children of village Chappri in district Attock. In…
The management of Oil & Gas Development Company Limited (OGDC) held a corporate briefing session on 24th Nov'22 to discuss the company's financial performance and future outlook. Brief Takeaways ·…
