Oqfgroupfreportsfn2.1bnfnet profitfforffirstfhalffoff2022
OQ'S total assets increased to $31.6bn in H1 2022
Oqmgroupm–mthemsultanatets globalmintegratedmenergymgroupm– hasmreportedmamnetmprofitmof Usqhdgigbnmformthemfirstmhalfmof hfhhbmrecordingmamsharpmincrease comparedmtomthemsamemperiodmof lastmyeard
Themgrouptsmearningsmbefore interestbmtaxesbmdepreciationmand amortisationmu–xitzwvmjumped bymggfmpermcentmtomusqidjjgbn formthemfirstmhalfmofmhfhhmagainst themfirstmhalfmofmhfhgbmaccordingmto ampressmstatementd
Oqtsmtotalmassetsmincreasedmto Usqigdliibnmasmofmthemendmof Junemhfhhd
Production increases
Oq’smdailymaveragemoilmproducc tionmgrewmbymiimpermcentmto hgobfffmbarrelsmpermdaymfrommits operatingmassetsmandminvestment partnershipsmduringmthemfirstmsix monthsmofmthismyeardm
Thismrepresentsmamghdlmperc centmofmomantsmtotalmoilmproducc tiond
Themgrouptsmproductionmfrom xlockmlfmmoremthanmdoubledmto kimnmbarrelsmofmoilmequivalentmin themfirstmhalfmofmhfhhmcompared tomhjmnmbarrelsminmthemfirstmhalfmof hfhgd
Themavailabilitymratiomofmoq’s gasmnetworkmduringmthemfirstmhalf ofmhfhhmstoodmatmgffmpermcentd Themproductionmofmnaturalmgas reachedmjojmnmcubicmfeetmper daymincludingmhnmnmcubicmfeet frommthemgroup’smoperatingmasc setsd
Themproductionmfrommoq’s partnershipmassetsmrosemto jllmnmcubicmfeetmofmgasmpermday duringmjanuarym–mjunemperiodmof hfhhd
Inmthemrefineriesmandmpetroc chemicalsmsectorbmoqmachieved anmaveragemrefineriesmproduction ofmhlnbfffmbarrelsmpermdaymin themfirstmhalfmofmthismyearbmwhile itsmpolymermproductionmhitmabout knobfffmmetricmtonnesd
Themgroup’smmethanolmproc ductionmrecordedmabout klkbfffmmetricmtonnesbmwhile aromaticsmplantmproduced kmmbfffmmetricmtonnesdm
’inallybmoqmlpg’smproduction wasmghkbfffmmetricmtonnesb whilemoqmyhemicals’mproducc tionmstoodmatmofjbfffmmetric tonnesmduringmthemfirstmhalfmof thismyeard
Oq’smtotalmexpendituremalloc catedmtomtheminccountrymadded valuemduringmthemfirstmhalfmof hfhhmamountedmtomabout Usqmnkdkmnbmwithmanmincrease ofmmfdompermcentmcomparedmtomits expendituremrecordedmduringmthe samemperiodmofmhfhgbmwhich amountedmtomabout Usqjkodjlmndmthismdemonc stratesmthemgroup’smbeliefminmthe importancemofmsupportingmthe localmcommunitiesmbymenabling themdevelopmentmeffortsd
Oqmallocatedmusqkihmnmto localmgoodsmandmservicesmthis yearbmupmfrommusqikmdglmn spentmonmthesemgoodsmandmservc icesmduringmthemfirstmhalfmhffgd –xpendituresmallocatedmformsm–s reachedmusqgnkmnbmupmfrom Usqkjdlmnmspentminmthemfirst halfmofmhfhgd
Oq’smspendingmonmproducts mademinmomanmamountedmto aboutmusqlndkmnmcomparedmto Usqjmdmmnmspentmonmthese productsminmthemfirstmhalfmofmhfhgd
Oqmhasmoperationsmacrossmgm countriesmthatmcoversmthementire valuemchainmfrommexploration andmproductionmofmoilmandmgasb refineriesmandmpetrochemicalsmto marketingmandmdistributionmof endcusermproductsmreaching moremthanmlfmcountriesmworldc widedmoqmwlternativem–nergymfoc cusesmonminvestmentsmin renewablesmandmgreenmhydrogen inmomand