Pakistan Petroleum

Pakistan Petroleum

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Pakistan Petroleum

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Description:
Pakistan Petroleum Limited is a Pakistan based oil company, it was incorporated June 5, 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd. which initially holds 70% of the share with the rest mostly held by the Government of Pakistan (GoP). Currently, GoP hold 78.35% of the shares, International Finance Corporation (6.09%) and institutional and individual investors (15.56%).

The company is headquartered in Karachi. The two figureheads of PPL are MD and CEO Khalid Rahman and GMF and CFO Kamran Wahab Khan.

The company operates major oil and gas fields including Sui gas field and has non-operating interests in other fields and has an interest in an exploration portfolio onshore and offshore. The company is now planning international exploration in partnership mode.

Highlights for the Year 2008

Sales Rs 45.7 billionProfit before Tax Rs 30.4 billionProfit after tax Rs 19.7 billionCash Dividend of 155 % plus 10 % Stock Dividend

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