OGDC declares record half-year dividend of Rs 7.75

ISLAMABAD (Web Desk) – Oil & Gas Development Company Limited (OGDC) announced its financial results for the half year ended December 31, 2025, declaring the highest-ever second quarterly dividend of Rs 4.25 per share. This brings the total half-year payout to a record Rs 7.75 per share, marking the company’s largest interim dividend in history.

During the period, OGDC reported net sales revenue of Rs 192.830 billion and a profit after tax of Rs 73.019 billion, translating to earnings per share (EPS) of Rs 16.98. The results were impacted by forced production curtailments due to system load constraints by SNGPL and UPL and lower average crude oil prices, partially offset by higher realized gas prices and favorable exchange rate movements.

The company contributed Rs 120 billion to the national exchequer through taxes, dividends, royalties, and other levies, while oil and gas production generated an estimated US$ 1.4 billion in foreign exchange savings through import substitution.

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Average daily production stood at 31,848 barrels of crude oil, 626 MMcf of natural gas, and 636 tons of LPG, slightly below last year’s corresponding period due to curtailments. Despite these challenges, OGDC spudded five wells and made four oil and gas discoveries, strengthening its resource base. The company also secured petroleum exploration rights over eight offshore blocks in the October 2025 bidding round.

On the development front, the Jhal Magsi Project was commissioned successfully, producing around 14 MMcfd of gas along with condensate, while the Dakhni Compression Project was completed ahead of schedule. Other key compression projects are progressing as planned.

Collections improved significantly, with gas receivables reaching 156% and overall receivables collection at 125%, reversing the previous accumulation trend. OGDC continues to advance its Environmental, Social, and Governance (ESG) strategy, integrating climate and sustainability considerations across operations and its value chain.

The Board of Directors praised management for operational focus, financial discipline, and shareholder returns, which enabled record dividend payouts while maintaining OGDC’s leadership in Pakistan’s exploration and production sector.