StocksMedium•31 October 2026•
1 min read
Pakistan Oil and Gas E&P Sector Earnings Surge 43% in 1QFY27
Key Facts
1Pakistan's listed oil and gas exploration and production sector reported earnings of Rs113.4 billion in 1QFY27, a 43% year-on-year increase.
2Sector net sales rose 32% year-on-year to Rs279.1 billion, driven by higher international oil and gas prices.
Pakistan's listed oil and gas exploration and production sector reported earnings of Rs113.4 billion in the first quarter of fiscal year 2027, representing a 43% year-on-year increase. Business Recorder reported that the growth was primarily driven by higher international oil and gas prices during the period.
Sector net sales rose 32% year-on-year to Rs279.1 billion, with Arab Light crude averaging $90 per barrel. Exploration costs declined 61% on a quarterly basis to Rs10.2 billion, while individual company performances showed OGDC earnings growing 53% and PPL increasing 25% compared to the previous year.