Oil & Gas Development Company
Headquarters of the Oil & Gas Development Company in Islamabad | |
Native name | آئل اینڈ گیس ڈویلپمنٹ کمپنی |
|---|---|
| Company type | Public |
| PSX: OGDC LSE: OGDC KSE 100 component KSE 30 component | |
| Industry | Oil and gas |
| Founded | 4 April 1961 |
| Headquarters | Islamabad, Pakistan |
Area served | Pakistan |
Key people | Ahmed Hayat Lak (CEO) |
| Products | Fuels, Natural gas |
| Revenue | Rs. 413.594 billion (US$1.4 billion) (2023) |
| Rs. 224.617 billion (US$780 million) (2023) | |
| Total assets | Rs. 1424.065 billion (US$4.9 billion) (2023) |
| Total equity | Rs. 1082.897 billion (US$3.8 billion) (2023) |
| Owner | Government of Pakistan (85.02%) |
Number of employees | 11,207 (2023) |
| Subsidiaries | Pakistan Minerals Limited (33.33%) Pakistan International Oil Limited (25%) Mari Petroleum (20%) |
| Website | ogdcl |
| Footnotes / references Financials as of 30 June 2023 | |
Oil & Gas Development Company Limited, commonly known as OGDC, is a Pakistani state-owned oil and gas company headquartered in Islamabad. It is listed on the Pakistan Stock Exchange and the London Stock Exchange.
It is the largest company in Pakistan in terms of market capitalisation, and has repeatedly ranked among the Forbes Global 2000. OGDCL operates 50 oil and gas fields across Pakistan.