Pakistan Petroleum

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Oil & Gas Development Co. (OGDC) and Pakistan Petroleum Ltd (PPL) have entered into a non-binding agreement with the Government of Pakistan (GoP), Government of Baluchistan (GoB) and Barrick Gold Corporation to participate in the reconstituted Reko D...

Pakistan Petroleum Ltd (PPL) has posted net profits of PKR14.3bn (EPS: PKR5.25) for 2QFY22, down 15% qoq but up 21% yoy; which misses our EPS estimate of PKR6.80 due to higher exploration expenses and share of loss from PIOL (without which 2Q EPS wou...

As per channel checks, the government is presently in discussions with the state owned E&Ps – majorly OGDC and PPL – to settle their outstanding circular debt dues (related to the indigenous gas sales only). In the first measure, the government will ...

Pakistan Petroleum Ltd (PPL) has posted a consolidated net profit of PKR16.9bn (EPS PKR6.20) for 1QFY22, up 19% qoq and 18% yoy, which is lower than our EPS estimate of PKR7.03. We had assumed a flattish trend in Opex qoq. But like the previous quart...

Despite flattish to mildly lower production, our E&P Universe is expected to post cumulative net profits of PKR56.4bn for 1QFY22, up 31% qoq and 36% yoy – thanks to higher oil and gas prices and sharp PKR devaluation. All three E&Ps can add sizable n...

Pakistan Petroleum Ltd (PPL) has posted a consolidated net profit of PKR14.2bn (EPS PKR5.21) for 4QFY21, up 18% qoq and 31% yoy, higher than our EPS estimate of PKR4.60. The decline in production was majorly seen in Kandhkot, Gambat South and Adhi. P...