Market: Qatar
Symbol: QFLS
ISIN: QA0001200771

Qatar Fuel (WOQOD) is a downstream oil storage, distribution and marketing company, formed in 2002 as a joint stock company listed on the Qatar Exchange.

Qatar Fuel (WOQOD) is exclusively responsible for the distribution of fuel needs within Qatar. This includes diesel, gasoline and aviation fuel. The company also trades in bunker fuels, ship-to-ship bunkering within Qatari waters, bitumen importation and distribution, LPG, and own-branded-lubricants. In addition, it builds modern branded service stations across Qatar.

WOQOD Subsidiaries: Qatar Jet Fuel Company (Q-JET), WOQOD Vehicle Inspection (FAHES), WOQOD Marine Services and WOQOD International for Foreign Investment.

Improved lost time incident frequency New petrol stations in 2023 Fuel retail market share Increase in net profit
43% 3 86% -8%
Increase in cash opex Fuel sales Jet fuel volumes growth Regulated fuel product SPA signed with QP
-6.3% 10.7 Billion Liters 16% 5 Yrs
Improved lost time incident frequency New petrol stations in 2021
24.6% 3
Increase in cash opex Fuel sales
2% 9.1 Billion
Fuel retail market share Increase in net profit
85% 38%
Jet fuel volumes growth Regulated fuel product SPA signed with QP
15% 5 Yrs
Currency QAR
Last Closing Price 15.06
Change (%) -0.26
Volume 104,565
Number of Shares 994,255,760
Market Cap 14,973,491,746
Key figures
2021
2022
2023
Consolidated Income Statement (QR Millions)
     
Revenue 19,532 29,934 27,932
Cost of sales 18,650 29,005 27,193
Net profit 1,002 1,101 1,020
Net profit for the year (attributed to WOQOD shareholders) 974 1,070 983
       
Consolidated Balance Sheet (QR Millions)      
Total assets 13,308 14,410 14,557
Total equity 9,177 9,312 9,413
Total liabilities 4,130 5,097 5,143
       
Consolidated Cash Flow (QR Millions)      
Net cash from operating activities 1,456 1,999 1,136
Net cash used in investing activities -1,080 683 111
Net cash used in financing activities -552 -853 -995
Cash and cash equivalents at 31 December
1,335 3,164 3,416
       
Key Indicators (QR)      
Basic earnings per share 0.98 1.08 0.99
Cash dividend per share 0.76 0.90 0.90

Overview of WOQOD Group