OXFORD INSTITUTE FOR ENERGY STUDIES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £1,527,688 for the year ended 31 December 2025, with total reserves increasing to £16,444,882. The trustees confirm that free reserves of £1,402,026 are broadly in line with the stated policy target of approximately six months of operating costs. The independent auditor confirmed that the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“The target level set for free reserves is to hold approximately 6 months of operating costs, which is estimated to be around £1.25m.”
“The institute's subsidiary, OIES Services Limited, donated their profits of £34,230 (2024: £97,262) to the charity.” — page 7
“OIES Trustee Sheikh Nawaf Al-Sabah is the Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation (KPC). During the year, the Charity received a £75,000 grant from KPC.” — page 37
“The institute's subsidiary, OIES Services Limited, donated their profits of £34,230 (2024: £97,262) to the charity.” — page 7
“OIES Trustee Sheikh Nawaf Al-Sabah is the Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation (KPC). During the year, the Charity received a £75,000 grant from KPC.” — page 37
“The institute's subsidiary, OIES Services Limited, donated their profits of £34,230 (2024: £97,262) to the charity.” — page 7
“OIES Trustee Sheikh Nawaf Al-Sabah is the Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation (KPC). During the year, the Charity received a £75,000 grant from KPC.” — page 37
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Dr ABDULLAH AL-KUWAIZ
- Dr Paul Harry Horsnell
- Fahad Alajlan
- H.E. Khalid Al Otaibi
- Khalid AlRuwaigh
- Levi Herman Ostling
- Mikael Ivar Toll
- Mohamed Hassadi
- Nader Sultan
- Sheikh Nawaf Al-Sabah
- Tatsuya Terazawa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.3m | £2.6m |
| 31/12/2024 | £3.7m | £2.7m |
| 31/12/2023 | £3.5m | £2.4m |
| 31/12/2022 | £2.4m | £1.9m |
| 31/12/2021 | £2.4m | £1.6m |
Common questions
Is OXFORD INSTITUTE FOR ENERGY STUDIES financially healthy?
The accounts state that the charity reported a net surplus of £1,527,688 for the year ended 31 December 2025, with total reserves increasing to £16,444,882. The trustees confirm that free reserves of £1,402,026 are broadly in line with the stated policy target of approximately six months of operating costs. The independent auditor confirmed that the charity is a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Wenn Townsend.