Our foremost goal is to retain our corporate leadership. Cohesiveness We endeavor to achieve higher collective and individual goals through team. This is inculcated in the organization through effective communication. Respect We are an Equal Opportunity Employer attracting and recruiting the finest people from around the country.
PSO is the country's oil marketing giant involved in storage, distribution and marketing of various petroleum products.
PSO has the largest storage capacity of one million ton in the country, which is around 74 percent of the nation's total storage capacity. With the largest storage capacity, the OMC also has the hugest retail network that serve the automotive sector, and supplies fuel to the railways, aviation industry, armed forces, power projects and the agriculture sector.
FY15 highlights During the year FY15, the key trends in the OMC segment were marked by an increase in petroleum consumption by almost five percent, year-on-year.
The motor gasoline saw in increase of Industry consumption of furnace oil declined by around three percent year-on-year in FY With an overall market share of over 56 percent, PSO continued to control the market with its share in the Black Oil and White Oil segments standing at Moreover, high speed diesel HSD sales also saw an increase of 0.
In terms of profitability, a major portion of FY15 was challenging for the oil marketing segment as the second and the third quarters were bruised by heavy inventory losses due to sliding oil price.
However, the fourth quarter came as a sigh of relief where the OMC segment and particularly PSO incurred inventory gains due to with respite in the oil price drop.
PSO announced a 68 percent year-on-year decline in its earnings for FY15 primarily driven by the inventory losses, and partly due to increase in finance cost. The posted an improvement of 48 percent year-on-year in its earnings.
The company ended FY16 with a market share of Out of 13 million tons of petroleum products, the firm imported around 10 million - an increase of around six percent year-on-year. Growth in imports came from petrol and furnace oil.
The OMC's top line slipped south on account of lower oil prices, while its gross margins net margins improved significantly due to increased volumes and margins of white oil revised in Novembercoupled with reduction in operation and finance costs by 10 percent and 35 percent respectively.
Finance cost reduced due to low interest rate environment coupled with maintains a mix of local and foreign currency borrowings throughout the financial year. The firm's return on equity saw a significant increase from 8.
This improvement came primarily from increased earnings, and reduction in finance cost by 35 percent. PSO's positives in earnings were bogged down by decrease in other income including share of profit of associates mainly due to less receipt of interest from IPPs; increase in marketing and administrative expenses; and increase in taxation.
In 1QFY17, the oil marketing giant was able to post a 4. In the first three months of FY17, PSO maintained its market leadership position with an overall market share liquid fuels of The increase in the firm's bottom line came from 35 percent growth year-on-year, witnessed in the liquid fuel sales white oil and black oil.
There was an increase of 2.Pakistan State Oil (PSX: PSO) is the country's oil marketing giant involved in storage, distribution and marketing of various petroleum products. The OMC has motor gasoline, furnace, high speed diesel, kerosene, LPG, jet fuel, CNG, petrochemicals and lubricants in its portfolio of products.
Pakistan State Oil has been fuelling the needs of the nation. Furnace Oil (FO). employee empowerment and transparency in decision making through cross functional teams.
the corporate culture underwent a comprehensive renewal program which was fully implemented in refining.
ANNUAL REPORT pdf Author: kashif Created Date: 9/23/ PM. Running Head: Practical concepts of Management. Report on management of Pakistan State Oil Name Registration ID Ashar Masood Ziaullah Dil Muraad.
Pakistan State Oil is Pakistan's largest fuel marketing company. Company overview. PSO controls a market share of over 60% of the total oil market with customer portfolio including dealers, government agencies, autonomous bodies, independent power projects and other corporate customers.
Pakistan State Oil Annual Report ; Pakistan . Pakistan state oil (PSO) is the largest company of Pakistan not only in the field ofoil marketing but also otherwise.
It has been included in Asia’s top companies and thus is surely a pride for Pakistan.