Companies
OQ
Oman · Oil & gas · State-owned · Founded 2019 · Muscat
Oman's integrated state energy group, formed from the merger of Oman Oil Company and Orpic, spanning upstream exploration, refining, petrochemicals and renewables, with subsidiary OQ Gas Networks listed on the Muscat Stock Exchange.
Verified · updated 12 Oct 2026
Key facts
OMR 15.94 bn
Revenue
OQ — audited FY2025 consolidated financial statements and annual report·FY2025·source dated 12 Mar 2026·updated 4 Oct 2026·About this indicator
OMR 510.7 mn
Net income
OQ — audited FY2025 consolidated financial statements and annual report·FY2025·source dated 12 Mar 2026·updated 4 Oct 2026·About this indicator
Ownership and relationships
- majority shareholder ofOQ Gas Networks· 51%
OQ Gas Networks SAOG — Annual Report 2025, online version: audited financial statements, 31 December 2025 (English and Arabic) ↗·as of 31 Dec 2025·read on 24 Oct 2026·updated 24 Oct 2026
- majority shareholder ofOQ Base IndustriesGulf News — Oman scores another big IPO hit, OQ Base Industries generates $489 million (4 Dec 2024) · Tier 2 · reputable press · as of 4 Dec 2024 ↗
- majority shareholder ofOQ Exploration and Production· 75%
OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025 ↗·as of 31 Dec 2025·source dated 24 Feb 2026·updated 24 Oct 2026
- Chairman:Mulham Basheer Al JarfOQ · read on 27 Oct 2026 ↗
- Group Chief Executive Officer:Ashraf Hamad Al MamariOQ · read on 27 Oct 2026 ↗
Key people
- Ashraf Hamad Al Mamari · Chief Executive Officer, OQ; Chairman, OQ Exploration and Production
- Mulham Basheer Al Jarf · Chairman, OQ
History
| Key indicators | Period | Value | Source |
|---|---|---|---|
| Revenue | FY2025 | OMR 15.94 bn | OQ — audited FY2025 consolidated financial statements and annual report·FY2025·source dated 12 Mar 2026·updated 4 Oct 2026 |
| Revenue | FY2024 | OMR 15.78 bn | OQ — audited FY2025 consolidated financial statements and annual report·FY2024·source dated 12 Mar 2026·updated 12 Oct 2026 |
| Net income | FY2025 | OMR 510.7 mn | OQ — audited FY2025 consolidated financial statements and annual report·FY2025·source dated 12 Mar 2026·updated 4 Oct 2026 |
| Net income | FY2024 | OMR 467.4 mn | OQ — audited FY2025 consolidated financial statements and annual report·FY2024·source dated 12 Mar 2026·updated 12 Oct 2026 |