Profits | Egypt Oil & Gas

AMOC Scores 262% Increase in Net Profits in FY 2021/22

Alexandria Mineral Oils Company (AMOC) Chairman Amr Lotfy announced that his company’s profits have increased by 262% during fiscal year (FY) 2021/22, recording EGP 1 billion compared to EGP 399 million in the las ...

HF Sinclair’s Remarkable Profit Growth Defies Wall Street’s Expectations

HF Sinclair's growth for the second quarter sped way ahead of Wall Street projections due to strong demand for fuel and refined products, Reuters reported.

G7 May Restrict Russian Oil Shipments

If Moscow doesn't heed a price cap, the wealthy nations of the Group of Seven (G7) are considering, among other things, restricting the shipping of Russian oil to deprive Moscow of bumper revenues during its invas ...

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 ...

Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid

Shell company announced that it will put profits from any Russian oil it purchases into funding humanitarian aids to Ukraine.

Aramco Hits a Leap of 30% in Income in Q1 2021

Hitting a total of $21.7 billion in Q1 2021, Saudi Aramco recorded a 30% net income increase year-on-year (YoY) compared to Q1 2020 when the company witnessed net income of $16.7 billion.

Petromaint’s Profits Leap 24% in 2020

Petromiant company has announced that its net profit increased by 24% for the first time during 2020.

BP Profits Drop to $0.8 B in Q1 2020

BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019.

Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019

Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.

SABIC Q4 Profits Decline Due to Low Prices

Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.

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