Profits | Egypt Oil & Gas

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 ...

SIDPEC Revenues Grow by 4.8 % in Q1 2026

Sidi Kerir Petrochemicals Company (SIDPEC) posted a 68.65% year-on-year (YoY) decrease in net profit after tax for the first quarter (Q1) of 2026, dropping to EGP 184 million. This bottom-line decline occurred des ...

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 Chairma ...

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-ye ...

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 the proposal, which was approved by the attendees, of increasing the company capital by EGP 301.4 ...

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 R ...

ExxonMobil Makes Profits of $19.7B for Q3 2022

Exxon Mobil Corporation 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 adj ...

Shell Makes $9.5B in Profits, Plans to Increase Dividend

Shell reported third-quarter profits of up to $9.45 billion, easing from the previous quarter's record high due to lower refining and gas trading, as it declared plans to dramatically increase its dividend by year ...

ExxonMobil Indicates Strong Q3 Earnings on Natural Gas Pricing

According to a securities filing, ExxonMobil indicated strong third quarter operating profits following the previous quarter's all-time record as gains from natural gas offset weaker refining and chemicals, Reuter ...

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 ...

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