Shell Pakistan

Shell Pakistan
Company typeSubsidiary
PSXSHEL
KSE 100 component
IndustryOil and gas
Founded1947; 77 years ago (1947)
HeadquartersKarachi, Pakistan
Key people
Waqar Siddiqui
(Managing Director and Country Chair)
ProductsGasoline, Aviation fuels, Compressed natural gas and lubricants
RevenueIncreaseRs. 412.7 billion (US$1.4 billion)}[1] (2022)
DecreaseRs. 2.95 billion (US$10 million)[1] (2022)
DecreaseRs. -72 million (US$−250,000)[1] (2022)
Total assetsIncreaseRs. 101.73 billion (US$350 million)[1] (2022)
Total equityDecreaseRs. 14.60 billion (US$51 million)[1] (2022)
ParentShell plc
Websiteshell.com.pk

Shell Pakistan Limited (Urdu: شیل پاکستان) is a Pakistani oil and gas company which is a subsidiary of the Shell plc and has been in South Asia for over 100 years.[2] Shell's flagship business in Pakistan is the downstream retail marketing company, Shell Pakistan Limited, which has interests in downstream businesses including retail, lubricants and aviation.[3] On 14th June, 2023 Shell announced to sell its holding in Pakistan.

In 2024, Asyad Holding, a Saudi based group through UAE-based Wafi Energy Holding Limited acquired 77.42 percent shareholdings and control of Shell Pakistan Limited. [4]

  1. ^ a b c d e "Shell Pakistan Annual Report 2022" (PDF). www.shell.com.pk.
  2. ^ "Shell at a glance - Shell Pakistan". www.shell.com.pk. Archived from the original on 2 January 2011.
  3. ^ "Pakistan business structure - Shell Pakistan". www.shell.com.pk. Archived from the original on 14 May 2010.
  4. ^ Report, Recorder (7 July 2024). "Saudi Group acquires majority stake in Shell Pakistan". Brecorder. Retrieved 23 July 2024.