Oando Plc - Company Profile
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Oando Plc (Oando), is an integrated energy solution provider. The company explores and produces oil and gas through the acquisition. It carries out the trading of crude oil, liquefied natural gas, refined oil products, and petroleum products ranging from naphtha, gasoline, fuel oil, gas oil and kerosene. Oando provides terminal services, distribution services, oilfield services and exploration services. It serves individual, commercial and industrial customers. The company has its operations in Africa, Europe, and the Middle East. Oando is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
The Wings Complex, 17a Ozumba Mbadiwe, Victoria Island
Website
www.oandoplc.com
Telephone
234 1 2702400
No of Employees
155
Industry
Energy and Utilities
Ticker Symbol & Exchange
OANDO (NIG)
Revenue (2020)
$2.0B
68.4%
(2020 vs 2019)
EPS
XYZ
Net Income (2020)
XYZ
130.3%
(2020 vs 2019)
Market Cap*
$115.4M
Net Profit Margin (2020)
XYZ
118.0%
(2020 vs 2019)
* As of and is in US$
Oando Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Terminal Services |
| Crude Oil | Distribution Services |
| Premium Motor Spirit | Oilfield Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company signed an agreement to acquire the Nigerian Agip Oil Company from Eni. |
| 2019 | Contracts/Agreements | In December, the company subsidiary, Oando Energy Resources signed an agreement with the Nigeria Liquefied Natural Gas for the renewal of gas supply for the existing Trains 1-3 for a term of ten years and gas supply for the impending Train 7 for a term of twenty years. |
| 2019 | Acquisitions/Mergers/Takeovers | In January, Oando acquired 80% stake in Ebony Oil. |
Competitor Comparison
| Key Parameters | Oando Plc | Korea National Oil Corp | Conoil Plc | Falcon Corp Ltd | NNPC Ltd |
|---|---|---|---|---|---|
| Headquarters | Nigeria | South Korea | Nigeria | Nigeria | Nigeria |
| City | Victoria Island | Ulsan | Lagos | Lagos | Abuja |
| State/Province | - | - | - | Lagos | Abuja |
| No. of Employees | 155 | - | 198 | - | - |
| Entity Type | Public | Government | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Adewale Tinubu | Chief Executive Officer; Director | Executive Board | - | - |
| Adeola Ogunsemi | Director; Chief Financial Officer | Executive Board | - | - |
| Ainojie Alex Irune | Director; Chief Operating Officer | Executive Board | - | - |
| Ayotola Jagun | Director; Secretary; Chief Compliance Officer | Executive Board | - | - |
| Omamofe Boyo | Deputy Group Chief Executive; Director | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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