Profits | Egypt Oil & Gas
Korra Energi Posts Fivefold Jump in H1 2026 Contracts
Korra Energi, a leading Egyptian provider of energy efficiency solutions and contracting services, secured EGP 5.1 billion in new contracts during the first half (H1) of 2026—a massive leap from EGP 1.1 billion in the...
MOPCO Q1 2026 Net Profit Surges 88%
Misr Fertilizers Production Company (MOPCO), Egypt’s largest nitrogen fertilizer producer, recorded an 88% year-on-year (YoY) surge in consolidated net profit after tax for the first quarter (Q1) of 2026, reaching EGP...
SIDPEC Revenues Grow by 4.8 % in Q1 2026
Sidi Kerir Petrochemicals Company (SIDPEC) reported a 4.87% increase in revenues in the first quarter (Q1) of 2026 to EGP 3.788 billion. Meanwhile, the company posted a 68.65% year-on-year (YoY) decrease in net profi...
Modern Gas Posts 49.6 % Increase in Profits in 2025
Modern Gas, an Egyptian joint-stock company, recorded a net profit of EGP 209 million during fiscal year (FY) 2025, yielding a 49.6% year-on-year (YoY) growth rate, according to Wael Gowayed, the company’s Chairman. H...
ADNOC Drilling Records 32% Increase in the Revenue in 2024
ADNOC Drilling announced that the full-year revenue increased significantly to a record $4.034 billion, rising by 32% year-on-year and its full-year EBITDA reached a record high of $2.01 billion, up 36% year-on-year. ...
SIDPEC to Boost Capital by EGP 301.4 Million, Backed by FY 2023 Profits
During the general assembly, Mohamed Ibrahim, the Chairman of Sidi Kerir Petrochemicals Company (SIDPEC), presented a proposal to increase the company’s capital by EGP 301.4 million, from EGP 1.512 billion to EG...
Russia’s Oil, Gas Budget Revenues Fell by Amost 36% y/y in May
The lower profit-based oil tax has caused Russia’s federal budget revenues from oil and gas, the backbone of the economy, to decrease roughly by 36% in May, compared to the same month last year, according to the Russi...
ExxonMobil Makes Profits of $19.7B for Q3 2022
ExxonMobil reported earnings of $19.7 billion for the third quarter of 2022, or $4.68 per share assuming dilution. The third-quarter results included one-time advantages from tax and other reserve adjustments as well ...
