Wednesday 12 April 2023

Pakistan Oilfields Limited: Brief Profile

Pakistan Oilfields Limited (PSX:POL) is incorporated in Pakistan as a public limited company. The Company is engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas under the brand name POLGAS and transmission of petroleum.

POL is a subsidiary of The Attack Oil Company Limited, UK and its ultimate parent is Coral Holding Limited. Attock Oil Ltd holds 52.77% shares of POL.

Company Name: Pakistan Oilfields Limited
PSX Ticker: POL
Market Cap of POL was Rs. 121.bn.
PSX Sector: OIL & GAS EXPLORATION 
Year End: June
Issued Ordinary Shares: 283.8 Million 
Free Float: 45.75%

For More info on POL:
http://www.pakoil.com.pk
https://dps.psx.com.pk/company/POL
https://www.pakstox.com/search/label/POL

Investments/Holdings: In 2005, POL acquired a 25% share in National Refinery Limited (listed on PSX trades under Ticker:NRL. NRL is the only refining complex in the country producing fuel products as well as lube base oils. POL also holds 7% stake in another listed Company Attock Petroleum Ltd, that trades on PSX under Ticker 'APL'.