About Oando

Who we are

Oando Group is Nigeria’s largest energy group with strategic investments in a range of energy companies across West Africa. The group is differentiated by the Oando Brand and consists of five main companies namely:

• Oando Marketing

   The leading oil marketing retailer in Nigeria with increasing operations    across West Africa

• Oando Supply and Trading

   Africa's largest independent oil trading company

• Oando Gas & Power

   Local distribution of natural gas via pipelines as well as Independent    Power Plant Developer.

• Oando Energy Services Limited

   Integrated oilfield service company providing products and services to    major upstream companies operating in Nigeria

• Oando Exploration and Production

   Oil exploration and production company with participating interest in    three oil blocks and currently operating two oil blocks in Nigeria

• Oando Refining

   Developing a 360,000bpd capacity Greenfield refinery in Lagos State

These diversified revenues streams drive incremental earnings growth for the group and ensure that performance is not dependent on any one particular business line. With its investments and diversification into alternative energy sources, the company is fast achieving its goal of being "the leading integrated energy solutions provider".

Oando was listed on the floor of the Nigerian Stock Exchange in February 1992. The company currently has a Market Capitalization of approximately N55 Billion (US $350 million) with almost 600,000,000 shares outstanding. It is one of the top ten (by market capitalization) Nigerian controlled companies quoted on the Nigerian Stock Exchange. Oando Plc is a customer-focused and performance-driven company that comprises a group of companies that symbolize dynamism, integrity, service delivery and professionalism in the energy sector. From its origin in downstream petroleum products marketing, Oando has recently redefined its business imperative to encompass the entire energy value chain in the Oil & Gas Industry.

In 2005, Oando Plc became the first African company to seek a cross-border inward listing on the Johannesburg Stock Exchange. The company was listed in November 2005 with the introduction of its entire issued share capital on the main board of the JSE, in the Resources – Oil and Gas Sector.

Oando is “A proudly African Company”, that has in just four years, successfully evolved from being the 7th placed petroleum marketing company listed on the Nigerian Stock Exchange to the premier position. The company attained the status of an integrated energy solutions provider, by adding gas, international supply, trading and energy services to its present stable of offerings and is currently incubating upstream oil and power initiatives. It is envisioned that Oando shall become a leader in the African Energy Sector, delivering world-class services to the Continent.

The Company has grown its revenue at a compounded average of over 304% per annum since the year 2000, whilst revenue is projected to be in excess of N200 Billion (US$1.4 Billion) by the year 2006. The Company has grown net profits at a compounded annual average of 11% in the last 5 years, despite thinning margins from the sale of its traditional products (Gasoline, and other distillates). A total shareholder return of 500% was achieved in the same period. The company boasts of one of the most diversified shareholder base with over 280,000 shareholders.

Oando’s exemplary standards of corporate governance has been commended by the Nigerian Stock Exchange with the “Quoted Company of the Year Award” and the “Best in the Downstream Petroleum Sector” for years 2003 and 2004.