Financial Results | Egypt Oil & Gas

Wintershall Dea’s Average Production Increases to 323,000 boe/d in 2023

Wintershall Dea has announced that its average daily production has increased 1% to 323,000 barrels of oil equivalent (boe/d) during the fiscal year (FY) 2023.  

ERC’s Margins Push Qalaa Holdings’ Revenue Up to EGP 97.7 billion in FY 2022

Qalaa Holdings Company has announced that it has achieved remarkable growth in its revenues reached to EGP 97.7 billion in the fiscal year (FY) 2022 compared to EGP 4.1 billion in FY 2021 increasing by 113% driven ...

Aramco’s Cash Flow from Operating Activities Reached $39.6B in Q1 2023

Aramco announced a net income of $31.9 billion in Q1 2023 and a strong cash flow from operating activities of $39.6 billion as well as a free cash flow of $30.9 billion.

El Molla Approves Gastec 2022 Financial Results

During the announcement of Gastec's financial results for the year 2022, Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed the importance of natural gas activities and the added value it achiev ...

Capricorn Announces WI Production in Egypt Averaged 35,500 boe/d in H1 2022 

Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022.

Qalaa Holdings Achieves Revenue Growth of 134% YoY in Q1 2022

Qalaa Holdings company announced that it has achieved an annual growth in its revenues of 134% after reaching EGP 18.7 billion in Q1 2022 and recurring EBITDA of EGP 3.9 billion compared to EGP 90.5 million in Q1 ...

Petromaint’s Profits Reach EGP 126.6M in Q1 2022

Alexandria Petroleum Maintenance Company (Petromaint) announced that it has achieved total profits from its operations reaching EGP 126.6 million during Q1 2022, compared to EGP 77.81 million during the same perio ...

SDX’s Production Exceeds Expectations for H1 2021

SDX company has achieved production of 5,931 barrels of oil equivalent per day (boe/d) during H1 2021,
3% higher than the midpoint guidance of 5,770 boe/d.

Aramco Maintains $18.75 B Dividends for Q3

Saudi Aramco, the world’s largest oil-producing company, has released its financial results for Q3 2020 with the company pledging to maintain its dividend payment of $18.75 billion.

Eni Brings Forward 2020 Dividend Meeting 

Eni has announced changes to the pre-existing financial calendar published on 30 January 2020.

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