ISLAMABAD
The Board of Directors of Oil & Gas Development Company Limited (OGDCL) on Wednesday declared a first interim cash dividend of Rs 3.50 per share (35%) — the highest first-quarter dividend in the company’s history.
The announcement was made during a board meeting held here, which also approved the financial results for the quarter ended September 30, 2025.
OGDC posted net sales revenue of Rs 96.192 billion and profit after tax of Rs 38.305 billion, translating into earnings per share (EPS) of Rs 8.91.
During the period, the Company contributed Rs 64 billion to the national exchequer through corporate tax, dividends, royalty, and government levies, while its oil and gas production contributed foreign exchange savings of US$703 million as import substitution.
The quarter’s results reflected the combined impact of forced production curtailments by SNGPL and UPL and a lower average crude oil basket price, partly offset by a higher realized gas price and appreciation of the US dollar against the rupee.
Average daily net saleable production during the quarter stood at 31,315 barrels of crude oil, 641 MMcf of natural gas, and 630 tons of LPG compared with 31,768 barrels, 699 MMcf, and 618 tons, respectively, in the corresponding period last year. In the absence of forced curtailments, average daily saleable production would have been 34,038 barrels of oil, 783 MMcf of gas, and 698 tons of LPG.
Production was supported by the injection of four new wells — Aradin-1, Soghri North-1, Jhal Magsi South-1 and South-2 — along with the installation of Electrical Submersible Pumps (ESPs) at Rajian-5 and Pasakhi-11, resulting in an incremental crude oil increase of over 3,100 barrels per day. In total, 24 workover jobs were executed to optimize field performance and arrest natural decline.