ISLAMABAD: Seven state-owned oil and gas companies in Pakistan earned a combined profit of more than Rs2.7 trillion over the past 10 years, according to official documents.
The data shows that Oil and Gas Development Company Limited (OGDCL) remained the most profitable state-run energy company during the period, generating more than Rs1.25 trillion in total profit.
OGDCL recorded its highest annual profit of Rs224.6 billion in fiscal year 2022-23.
Its profit stood at Rs208.9 billion in 2023-24 before declining to Rs169.9 billion in 2024-25.
Pakistan Petroleum Limited (PPL) posted a cumulative profit of Rs620.3 billion over the 10-year period.
The company earned Rs114.3 billion in 2023-24 and Rs92 billion in 2024-25, according to the documents.
Government Holdings Private Limited (GHPL) generated more than Rs377 billion in profit over the same period.
Its annual profit was recorded at Rs69.2 billion in 2023-24 and Rs48.5 billion in 2024-25.
Pakistan State Oil (PSO) earned Rs218.7 billion in profit over the 10 years, while Sui Northern Gas Pipelines Limited posted a cumulative profit of Rs97.83 billion.
Sui Southern Gas Company earned more than Rs86 billion over the decade.
Pakistan LNG Limited, meanwhile, recorded Rs58.2 billion in profit over an eight-year period.
The official documents also include year-wise profit details for the companies, highlighting the scale of earnings generated by major state-owned energy firms over the past decade.