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: آئل اینڈ گیس ڈویلپمنٹ کمپنی) is a Pakistani state-owned oil and gas company headquartered in Islamabad. It has a primary listing on the Pakistan Stock Exchange, and secondary listing on the London Stock Exchange. 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.[2]
Quick Facts Native name, Company type ...
Native name | آئل اینڈ گیس ڈویلپمنٹ کمپنی |
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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 (CEO) |
Products | Fuels, Natural gas |
Revenue | Rs. 413.594 billion (US$1.4 billion) (2023) |
Rs. 224.617 billion (US$780 million) (2023) | |
Total assets | Rs. 1424.065 billion (US$4.9 billion) (2023) |
Total equity | Rs. 1082.897 billion (US$3.8 billion) (2023) |
Owner | Government of Pakistan (85.02%) |
Number of employees | 11,207 (2023) |
Subsidiaries | Pakistan Minerals Limited (33.33%) Pakistan International Oil Limited (25%) Mari Petroleum (20%) |
Website | ogdcl |
Footnotes / references Financials As of 30 June 2023[update] [1] |
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It is the largest company in Pakistan in terms of market capitalisation,[3] and has repeatedly ranked among the Forbes Global 2000.[4]