profit | Egypt Oil & Gas

ExxonMobil Sets Historic Record for Western Oil Industry in 2022

Exxon Mobil Corp, which earned roughly $6.3 million per hour in 2018, reported a $56 billion net profit for 2022, breaking both a company record and achieving a historic high for the Western oil industry, Reuters ...

TotalEnergies Achieves Profits of $9.9B in Q3

TotalEnergies reported a substantial increase in net profit for the third quarter compared to the same period last year, joining other energy titans in the sector in benefiting from higher oil and gas prices, albe ...

Dana Gas Net Profits Leap by 125% YoY

In its quarterly report, Dana Gas, the Middle East's largest natural gas company, announced that its net profit increased by 125% in Q1 2022, reaching $54 million or 2.8 fils per share, compared to $24 million or ...

Petromaint Profits in 2021 Reach EGP 465 million

The company’s for 2021 achieved a historical leap, as the volume of the company’s contracts amounted to EGP 6 billion, with a growth rate of 35% compared to 2020. The volume of the company’s revenues for 2021 reac ...

Enppi’s Net Profits Increased by 22% in 2021

Engineering for Petroleum & Process Industries Company (Enppi) Chairman Mohamed Abdel Aziz announced that in 2021 the company achieved an increase in net profit by 22%, compared to last year.

Tanmia Petroleum Profits Increase by 50% in 2021

Tanmia Petroleum’s Chairman and Managing Director, Ahmed Bahgat, reviewed the company’s activity during 2021 and what it included in achieving an increase in the company’s profits by 50 percent over the year befor ...

Eni Achieves Highest Net Profit of EUR 4.7 billion Since 2012

Eni announced that it has achieved the highest adjusted net profit in 2021 reaching EUR 4.7 billion since 2012.

BP Raises Dividend, Announces Buyback Program

Net debt dropped to $32.7 billion. BP declared it would start a $1.4 billion payback from its H1 surplus cash flow.

Ministry of Finance to Receive 25% of Gas Market Regulatory Authority’s Profits

The Ministry of Finance will receive 25% of the Gas Market Regulatory Authority’s profits, while the remaining 75% will belong to the regulator.

AMOC to Delay IPO: Government Official

Alexandria Mineral Oils Company (AMOC) will delay its initial public offering (IPO) on the Egyptian Exchange Market (EGX) after the company posted lower-than-expected profits.

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