Oil & Gas Development Company Limited
By PSX Investors Zone · Updated October 15, 2026
Oil & Gas Development Company Limited (OGDC) is a major Pakistani oil and gas exploration and production company listed on the Pakistan Stock Exchange. Its operations include exploring for hydrocarbons, developing oil and gas fields, and producing energy resources. Investors researching OGDC should examine production trends, reserves, receivables, cash flows, dividends, energy-sector policies and the company’s latest Shariah-screening status. This profile supports informed financial research and investor education.
Company Overview
Oil & Gas Development Company Limited (OGDCL), traded on the Pakistan Stock Exchange under the symbol OGDC, is a major Pakistani exploration and production company. It was established as a public-sector corporation in 1961 and incorporated as a listed public limited company in 1997.
The company explores for, develops and produces oil and natural gas. Its operations contribute to Pakistan’s domestic energy supply.
Official sources: PSX company profile | OGDCL company profile
Business Model
OGDC’s revenue is primarily connected to its oil and gas production and sales. Its performance can be influenced by production volumes, discovery and development activity, international energy prices, exchange-rate movements, operating costs, regulatory decisions and the collection of receivables from customers.
Investors should also examine circular debt and payment delays in Pakistan’s energy sector because these may affect cash flows even when accounting profits remain strong.
FY2026 Financial Performance
According to the financial data displayed on the PSX company profile, OGDC reported the following annual figures:
| Financial indicator | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs449.19 billion | Rs401.18 billion |
| Profit after tax | Rs242.37 billion | Rs169.90 billion |
| Earnings per share (EPS) | Rs56.35 | Rs39.50 |
The displayed figures show an increase in sales and profit after tax compared with FY2025. The PSX data provider notes that figures may be standardized, so the company’s original financial statements should be consulted for the reported accounting basis and detailed line items.
Sources: PSX financial data and announcements | Official FY2026 results
Dividend Information
For FY2025–26, the board recommended a final cash dividend of Rs6 per share, in addition to interim dividends of Rs11 per share already paid during the year. The final dividend was subject to the applicable approval and entitlement conditions in the company announcement.
A dividend is not guaranteed every year. Investors should verify the latest announcements, entitlement dates and payment status before relying on dividend information.
Source: FY2026 results announcement
Shariah Screening Status
The PSX screening notice dated May 15, 2026, based on the applicable review data, discussed an exception for OGDC concerning its non-compliant investment and income ratios in the context of circular debt in the energy sector.
This means the screening decision should not be simplified into a permanent or unconditional statement of Shariah compliance. Investors who require Shariah-compliant investments should read the complete notice, confirm the company’s final classification in the latest applicable PSX screening list, and review any stated dividend-purification guidance.
Sources: PSX screening notice | PSX stock screener
Key Risks to Research
- Production risk: Output can change because of field maturity, maintenance, operational challenges and natural decline in producing wells.
- Energy-price risk: International oil and gas prices can affect revenue and profitability.
- Circular debt and receivables: Delayed payments can affect operating cash flow and liquidity.
- Regulatory risk: Government policies, pricing arrangements, taxes and sector reforms may affect results.
- Exploration risk: Exploration expenditure does not guarantee commercially viable discoveries.
- Shariah-screening risk: Screening results and related exceptions may change when new financial information is reviewed.
- PSX risk warning: The PSX company page displayed an alert referring to continuous violations under Clauses 5.11.1 or 5.11.2 and the risk of suspension of trading or delisting. This alert should be checked against the latest PSX notices and company disclosures. It does not, by itself, confirm that trading has been suspended or that delisting has occurred.
Source: OGDC official PSX profile and notices
Investor Research Checklist
Before researching OGDC, investors should review:
- The latest annual and quarterly financial statements.
- Oil and gas production trends and reserve information.
- Sales, profit margins, EPS and operating cash flow.
- Receivables, circular debt exposure and payment collections.
- Dividend announcements and payment dates.
- Current PSX risk notices and any company response.
- The latest Shariah-screening result and applicable purification guidance.
Frequently Asked Questions
What does OGDC do?
OGDC explores for, develops and produces oil and natural gas in Pakistan.
What is the PSX symbol for OGDC?
Its Pakistan Stock Exchange symbol is OGDC.
Is OGDC Shariah-compliant?
The PSX screening notice dated May 15, 2026, discussed exceptions concerning OGDC’s investment and income ratios. Check the latest official screening classification and relevant guidance before making a Shariah-compliance decision.
Disclaimer
This profile is for financial education and research, not a personal investment recommendation or a promise of returns. Financial figures, dividend information, PSX notices and Shariah-screening classifications should be checked against the latest official documents before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.