RAK Petroleum

OverviewSuggest Edit

RAK Petroleum operates as an oil and gas investment company. The Company's exploration and production activities are focused on the Middle East and the North Sea with interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. 

TypePublic
Founded2005
HQSurrey, GB
Websiterakpetroleum.uk

Latest Updates

Employees (est.) (Feb 2020)1,079
Revenue (FY, 2018)£656.5 M(+139%)

Key People/Management at RAK Petroleum

Bijan Mossavar-Rahmani

Bijan Mossavar-Rahmani

Executive Chairman
Kevin J. Toner

Kevin J. Toner

Managing Director and General Counsel
Shelley M. Watson

Shelley M. Watson

Chief Operating Officer and Chief Financial Officer
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RAK Petroleum Office Locations

RAK Petroleum has an office in Surrey
Surrey, GB (HQ)
Ashley Park House 42-50 Hersham Rd
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RAK Petroleum Financials and Metrics

RAK Petroleum Revenue

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RAK Petroleum's revenue was reported to be £656.51 m in FY, 2018
GBP

Revenue (FY, 2018)

656.5m

Gross profit (FY, 2018)

379.0m

Gross profit margin (FY, 2018), %

57.7%

Net income (FY, 2018)

290.7m

EBIT (FY, 2018)

310.1m

Cash (31-Dec-2018)

608.0m
GBPFY, 2016FY, 2017FY, 2018

Revenue

152.0m275.0m656.5m

Cost of goods sold

96.9m160.1m277.5m

Gross profit

55.1m114.9m379.0m

Gross profit Margin, %

36%42%58%
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

5.7m5.3m207.8m357.7m608.0m

Accounts Receivable

144.7m

Inventories

43.2m5.9m6.6m

Current Assets

6.3m5.5m339.5m412.5m803.3m
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

(6.2m)(7.4m)38.7m259.7m367.1m

Cash From Investing Activities

(5.0m)(2.8m)(20.9m)(80.9m)(252.9m)

Cash From Financing Activities

11.9m9.0m5.6m37.7m(134.3m)

Net Change in Cash

656.1k(1.2m)23.5m138.1m248.6m
GBPY, 2018

Financial Leverage

2.8 x
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RAK Petroleum Online and Social Media Presence

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RAK Petroleum News and Updates

RAK Petroleum plc: Results of 2019 Annual General Meeting

United Kingdom, 31 May 2019

RAK Petroleum plc: Notice of 2019 Annual General Meeting

United Kingdom, 7 May 2019

RAK Petroleum plc: Results of Offer to Buy Back Shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

RAK Petroleum plc Releases 2018 Annual Report and Accounts

United Kingdom, 15 April 2019

RAK Petroleum plc: Holdings in Company

United Kingdom, 7 February 2019
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RAK Petroleum Frequently Asked Questions

  • When was RAK Petroleum founded?

    RAK Petroleum was founded in 2005.

  • Who are RAK Petroleum key executives?

    RAK Petroleum's key executives are Bijan Mossavar-Rahmani, Kevin J. Toner and Shelley M. Watson.

  • How many employees does RAK Petroleum have?

    RAK Petroleum has 1,079 employees.

  • What is RAK Petroleum revenue?

    Latest RAK Petroleum annual revenue is £656.5 m.

  • What is RAK Petroleum revenue per employee?

    Latest RAK Petroleum revenue per employee is £608.4 k.

  • Who are RAK Petroleum competitors?

    Competitors of RAK Petroleum include Red Rock Resources, Solo Oil and UK Oil & Gas Investments.

  • Where is RAK Petroleum headquarters?

    RAK Petroleum headquarters is located at Ashley Park House 42-50 Hersham Rd, Surrey.

  • Where are RAK Petroleum offices?

    RAK Petroleum has an office in Surrey.

  • How many offices does RAK Petroleum have?

    RAK Petroleum has 1 office.