According to the Zhitong Finance App, United Energy Group (00467) announced interim results for the six months ended June 30, 2026. The group's turnover was HK$10.939 billion, up 33.7% year on year; profit attributable to shareholders was HK$953 million, up 28.7% year on year; basic profit per share was HK$3.71.
For the six months ended June 30, 2026, the Group continued to make efforts in oil and gas exploration. Adhering to the “value drive, based on exploration and discovery of small but fertile oil fields”, the Group has made 4 commercial discoveries, 1 from Pakistan and 3 from Egypt.
For the six months ended June 30, 2026, the Group's average daily production was about 161,038 barrels of oil equivalent, a decrease of 14.0% from about 187,258 barrels of oil equivalent in the same period last year; the cumulative operating output was about 29.1 million barrels of oil equivalent, a decrease of 14.0% from about 33.9 million barrels of oil equivalent in the same period last year; the Group's average equity output was about 102,099 barrels of oil equivalent per day, a decrease of about 8.7% from about 111,762 million barrels of oil equivalent in the same period last year; the cumulative equity was about 18.5 million barrels of oil equivalent in the same period last year. The oil equivalent decreased by approximately 8.7%. During the reporting period, the Group's operating output and equity output declined year-on-year, mainly because the Group's Iraqi assets were affected by some production restrictions imposed by Basra Petroleum. In early June 2026, Basra Oil completely lifted these production restrictions, and the Group's production of Iraqi assets returned to pre-conflict levels.