KIMA Highlights Progress in Ongoing Projects Despite Decline in FY 24/25 Net Profit

• Wednesday, 1st October 2025
• by Fatma Ahmed

In a disclosure to the stock exchange, The Egyptian Chemical Industries Company (KIMA), a state-owned listed fertilizer producer, has highlighted the progress achieved in its Kima3-ANNA project to establish a new nitr...

Badr Petroleum Drills 4 New Wells, Bolsters Production in Concessions in FY 2024/2025

• Monday, 15th September 2025
• by Reem Hossam El-Dein

A significant leap in the production of the Badr-1 concession area was achieved by Badr Petroleum Company in fiscal year (FY) 2024/2025, chairman Ibrahim Massoud revealed at the company’s general assembly reviewing th...

Al-Hamra Port Receives 74 mmbbl of Oil in FY 2024/2025: WEPCO Chairman

• Monday, 15th September 2025
• by Reem Hossam El-Dein

Al-Hamra Oil Port in Al-Alamein city received and handled 74 million barrels (mmbbl) of oil during fiscal year (FY) 2024/2025, said Ibrahim Massoud, chairman of the port’s operator, West Desert Petroleum Company (WEPC...

Abu Qir Fertilizers Revenue Up 24% in 2024/2025

• Thursday, 28th August 2025
• by Doaa Ashraf

Abu Qir Fertilizers and Chemical Industries posted a 31% decline in its net profit for the fiscal year ending in June 2025 compared to the previous year to settle at EGP  9.34 million, according to a statement sent by...

ADNOC Distribution’s Net Profit Up 12% in H1 2025 YoY

• Thursday, 7th August 2025
• by Fatma Ahmed

ADNOC Distribution’s net profits increased by 12% year-on-year (YoY) in H1 2025 to $358 million, according to the company’s financial results. The company also achieved the highest earnings before interest...

Shell Posts $11.9bn in Cash Flows in the 1Q2025

• Thursday, 31st July 2025
• by Fatma Ahmed

Shell, the British oil giant, recorded $11.937 billion in Cash Flows From Operations (CFFO) in the first quarter of 2025, compared $9.281 billion in the same quarter of 2024,” reflecting strong operational perfo...

TotalEnergies Hydrocarbon Production Increases 1% H1 2025

• Monday, 28th July 2025
• by Fatma Ahmed

TotalEnergies’ hydrocarbon production increased by 1% to 1,966 barrels of oil equivalent per day (boe/d) during the first half (H1) of 2025 compared to 1,956 boe/d in H1 2024. The company’s liquid producti...

SLB’s Revenues Record $8.55bn in Q2 2025

• Sunday, 20th July 2025
• by Fatma Ahmed

SLB recorded revenues of $8.55 billion in its financial results for Q2 2025, increasing 1% from Q1 2025 after reaching $8.490 billion, despite a 6% decrease Year-on-Year (YoY). The company recorded $2.369 billion in r...

EDC Drills 200 Wells in 2024, Targets Expansion in New Markets

• Monday, 19th May 2025
• by Fatma Ahmed

The Chairman of the Egyptian Drilling Company (EDC), Osama Kamel, revealed that the company drilled 200 new wells and repaired over 600 in 2024. Showcasing the company’s performance, Kamel noted that it also add...

Aramco’s net profit fell by 4.6 % in Q1 2025

• Sunday, 11th May 2025
• by Fatma Ahmed

Saudi oil giant Aramco reported a 4.6 % decline in its net profits during the first quarter (Q1) of 2025 to reach $26 billion. The retreat in profits came on the back of increased capital expenditures, which increased...