ShaMaran Petroleum Corp. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 176.67 million compared to USD 102.32 million a year ago.

Net income was USD 114.96 million compared to USD 13.38 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.