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OQ, the global integrated energy group, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD 2.3 billion for the first half of 2023. Additionally, the group posted a net profit of USD 1.1 billion and reported total assets amounting to USD 31.2 billion.
OQ, the global integrated energy group, has been honoured with the prestigious ICF Coaching Impact Award by the International Coaching Federation (ICF). The award recognises OQ's exceptional use of coaching to enhance organisational culture, attain remarkable objectives, empower staff, and drive national progress. Presented biennially to the foremost emerging organisation, the award signifies the highest global coaching standards.
Fitch Ratings, the international credit rating agency, has upgraded OQ's standalone credit profile (SCP) from “b+” to “bbb-” and reaffirmed the Long-Term Issuer Default Rating (IDR) at 'BB', with positive outlook, this represents a significant improvement as OQ is now rated as investment grade. It attributed the new rating to OQ’s ability to meet its long-term financial obligations.
Learn how OQ’s present capacity is seamlessly delivering sustainable solutions that industries need tomorrow – and expect today.
The first OQ Energy Efficiency Conference took place on the 27th January, 2021 in Muscat, Oman. It engaged stakeholders from across the Sultanate to share best practices and case studies of successful energy efficiency projects in the industry.