Oil & Gas Development Company
Pakistani oil and gas company / From Wikipedia, the free encyclopedia
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Oil and Gas Development Company Limited, commonly known as OGDCL (Urdu: مشارکتِ محدود ترقیاتِ گیس و تیل) is a Pakistani oil and gas company. It has a primary listing on the Pakistan Stock Exchange, and secondary listing on the London Stock Exchange. Established in 1961 by the Government of Pakistan, it was turned into a public listed company on 23 October 1997. Today it is involved in exploring, drilling, refining and selling oil and gas in Pakistan. It is based on Jinnah Avenue, Blue Area in Islamabad, with the Government of Pakistan holding 74% stake in the company. The rest are held by private investors. For the financial year 2022, it reported net sales of Rs 335.46 billion and profit of Rs 133.78 billion.[4]
Native name | مشارکتِ محدود ترقیاتِ گیس و تیل |
---|---|
Company type | Public company |
PSX: OGDC LSE: OGDC | |
Industry | Oil and gas |
Founded | 4 April 1961 (1961-04-04) |
Headquarters | Islamabad, Pakistan |
Area served | Pakistan |
Key people | Ahmed Hayat Lak (MD & CEO) Feb 2023 - Present |
Products | Fuels, Natural gas |
Revenue | US$4.5 billion (2015)[1] |
US$2.2 billion (2015)[2] | |
Total assets | US$3.93 billion (2013)[2] |
Total equity | US$3.07 Billion (2013)[2] |
Number of employees | 11,000[3] |
Website | OGDCL.com |
It is the largest company in Pakistan in terms of market capitalisation,[5] and has repeatedly ranked among the Forbes Global 2000.[6]