Oil & Gas Development Company Limited held a corporate briefing session to discuss its operational and financial performance for FY2025-26 and Q1 FY2026-27, highlighting significant growth and future strategies.
- The session took place on November 06, 2026.
- Key financial metrics for Q1 FY2026-27 include:
- Sales Revenue: PKR 132.42B, up 38% YoY
- Profit after Tax: PKR 58.51B, a 53% increase
- Earnings Per Share: PKR 13.60, compared to PKR 8.91 in Q1 FY2025-26
- Average realized prices for crude oil rose to $74.90/barrel, up from $57.61/barrel YoY.
- The company achieved a record Reserves Replacement Ratio of 236% and declared its highest-ever quarterly dividend of PKR 5.00.
- OGDC's market capitalization reached PKR 1,362B, solidifying its position as the largest company on the Pakistan Stock Exchange.
- The company is focusing on production optimization, unconventional exploration, and sustainability initiatives, including geothermal and renewable energy projects.
- Future outlook emphasizes financial discipline, strategic investments, and enhancing production recovery through mature asset solutions.