Gasoline costs are linked with a assured charge of return on belongings. Subsequently, the initiation of recent schemes gives extra incentives to the general public fuel utilities on account of enhance in costs. picture: file
ISLAMABAD:
Oil & Gasoline Improvement Firm Restricted (OGDC) posted web gross sales income of Rs192.830 billion and revenue after tax of Rs73.019 billion, translating into earnings per share (EPS) of Rs16.98, for half 12 months ended December 31, 2025.
The board of administrators of the exploration and manufacturing firm, in its assembly held on Monday, introduced the outcomes and declared a second interim money dividend of Rs4.25 per share (42.50%), marking the highest-ever second quarterly dividend within the firm’s historical past. This brings the cumulative interim dividend for half 12 months to Rs7.75 per share.
The six-month outcomes mirrored the influence of pressured manufacturing curtailments by Sui Northern Gasoline Pipelines Restricted (SNGPL) and Uch Energy on account of system load constraints together with a decrease common crude oil basket worth. Nevertheless, the influence was partly offset by larger realised fuel costs and beneficial alternate charge actions.
Through the interval beneath overview, the corporate contributed Rs120 billion to the nationwide exchequer via company tax, dividends, royalties and different authorities levies.
Its oil and fuel manufacturing generated estimated overseas alternate financial savings of $1.4 billion via import substitution. Common every day web saleable manufacturing through the half 12 months stood at 31,848 barrels of crude oil, 626 million cubic toes (mmcf) of pure fuel and 636 tons of liquefied petroleum fuel (LPG) in contrast with 31,477 barrels, 672 mmcf and 629 tons, respectively, within the corresponding interval of final 12 months. Manufacturing curtailments through the six-month interval adversely affected every day web output by 3,384 barrels of oil, 152 mmcf of fuel and 51 tons of LPG.
Operationally, OGDC drilled 5 wells, whereas sustained exploration efforts resulted in 4 oil and fuel discoveries, additional strengthening the corporate’s useful resource base. The corporate additionally secured petroleum exploration rights over eight offshore blocks within the October 2025 bidding spherical.
On the event entrance, the Jhal Magsi challenge was commissioned and is presently producing round 14 mmcfd of fuel together with condensate, whereas the Dakhni Compression Challenge was accomplished forward of schedule. Different key compression tasks are progressing as deliberate.
The influence on gross sales income, amounting to Rs36.468 billion, primarily on account of decrease manufacturing volumes and lowered realised crude oil and LPG costs, was partially offset by larger realised fuel costs and alternate charge actions. Collections improved considerably, with fuel receivables assortment reaching 156% and total receivables assortment standing at 125%, reversing the earlier buildup pattern.
