United Energy Group Ltd (UEG) is an investment holding company. It carries out the exploration, development, production and operation of oil and natural gas resources and hydrocarbon assets. It also carries out production and processing of oil & gas; construction and operations of infrastructure projects including oil and gas storage, transportation systems, processing plants and pipelines; and oilfield support services. The company operates through three segments exploration, production and oil exploitation. The company oil exploitation segment is engaged in businesses related to the production of crude oil in the People’s Republic of China. Oilfield support services segment is engaged in the provision of oilfield support services by using patented technology and related businesses. The company has operations in China, Pakistan, Dubai, Iraq, Singapore and Egypt. UEG is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
Suites 2505, 25/F, Two Pacific Place, 88 Queensway, Hong Kong
Website
www.uegl.com.hk
Telephone
852 25228287
No of Employees
2,030
Industry
Energy and Utilities
Ticker Symbol & Exchange
467 (HKG)
Revenue (2022)
$956.9M
19.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
131.5%
(2022 vs 2021)
Market Cap*
$2.3B
Net Profit Margin (2022)
XYZ
93.1%
(2022 vs 2021)
* As of and is in US$
United Energy Group Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Services |
| Natural Gas | Merger and Acquisitions of Oil and Natural Gas Assets |
| Exploitation, Development | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Corporate Changes/Expansions | In January, the company announced to construct the first phase of the oil and gas central processing facility (CPF) project of the Faihaa Oilfield in the 9th District. |
| 2018 | Acquisitions/Mergers/Takeovers | In September, the company announced its plans to acquire Kuwait Energy, for US$651 million. |
| 2018 | Contracts/Agreements | In June, the company acquired Pakistani assets of Austrian Oil and Gas Group. |
Competitor Comparison
| Key Parameters | United Energy Group Ltd | Kunlun Energy Co Ltd | AAG Energy Holdings Ltd | Hans Energy Co Ltd | Titan Petrochemicals Group Ltd |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| City | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| No. of Employees | 2,030 | 30,655 | 518 | 180 | 111 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhang Hongwei | Chairman | Executive Board | 1998 | 67 |
| Zhang Meiying | Director | Executive Board | 2006 | 43 |
| Song Yu | Chief Operating Officer | Senior Management | 2011 | 45 |
| Hung Lap Kay | Secretary | Senior Management | 2010 | - |
| San Fung | Director | Non Executive Board | 2004 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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