Islamabad, Sep 26: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) announced impressive financial results for the fiscal year ending June 30, 2024, during a meeting held on September 23, 2024, in Islamabad.
OGDCL achieved net sales revenue of Rs 463.698 billion, and profit after tax stood at Rs 208.976 billion, translating to an earnings per share (EPS) of Rs 48.59.
The Board declared a final cash dividend of Rs 4.00 per share (40 percent), the highest quarterly dividend in the company’s history, bringing the total cumulative dividend payout to 101 percent for the year.
This is in addition to the interim dividends of Rs 6.10 per share (61 percent) already paid.
OGDCL contributed Rs 218 billion to the national exchequer and made five significant hydrocarbon discoveries in Punjab, Sindh, and Khyber Pakhtunkhwa, enhancing its portfolio and ensuring steady progress in production.
The company achieved an average daily production of 33,117 barrels of crude oil, 717 MMSCFD of gas, and 717 MTD of LPG. Without production curtailments, these figures could have been higher.
Key projects, such as compression installations at KPD-TAY, Dakhni, and Uch, have advanced significantly, helping the company ensure uninterrupted energy supply and sustainable growth.
