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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ghana Oil Co's retained earnings for the quarter that ended in Dec. 2025 was GHS708 Mil.
Ghana Oil Co's quarterly retained earnings
increased
from Dec. 2023 (GHS584 Mil) to Dec. 2024 (GHS643 Mil) and
increased
from Dec. 2024 (GHS643 Mil) to Dec. 2025 (GHS708 Mil).
Ghana Oil Co's annual retained earnings
increased
from Dec. 2023 (GHS584 Mil) to Dec. 2024 (GHS643 Mil) and
increased
from Dec. 2024 (GHS643 Mil) to Dec. 2025 (GHS708 Mil).
Ghana Oil Co (XGHA:GOIL) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Ghana Oil Co Retained Earnings Historical Data
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The historical data trend for Ghana Oil Co's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Ghana Oil Co (XGHA:GOIL) has a Retained Earnings of GHS708 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Ghana Oil Co and its competitors.
Is Ghana Oil Co's Retained Earnings too high?
Ghana Oil Co's current Retained Earnings is GHS708 Mil. Overall, Ghana Oil Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghana Oil Co's Retained Earnings compare to MPC and VLO?
Ghana Oil Co's Retained Earnings of GHS708 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Ghana Oil Co and its competitors. Ghana Oil Co's current Retained Earnings is GHS708 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghana Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Ghana Oil Co (XGHA:GOIL) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS1.54, compared to a current price of GHS7.96 — trading 416.9% above its estimated fair value. The current Retained Earnings is GHS708 Mil. Ghana Oil Co's overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Retained Earnings is GHS708 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ghana Oil Co (XGHA:GOIL) Overvalued in 2026?
Based on GuruFocus' analysis, Ghana Oil Co stock appears to be overvalued.
The current stock price of GHS7.96 is trading 416.9% above its estimated GF Value™ of GHS1.54.
GuruFocus considers Ghana Oil Co to be Significantly Overvalued.
Key valuation signals for XGHA:GOIL:
Retained Earnings: GHS708 Mil
GF Value™: GHS1.54 vs. price of GHS7.96 (416.9% above fair value)
No single metric tells the full story. See the XGHA:GOIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum and related products, particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly, and socially responsible manner.
73GF Score
Get the complete analysis for XGHA:GOIL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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