Investor Relations

Investor Relations

Oando was listed on the floor of the Nigerian Stock Exchange in February 1992. The company currently has a Market Capitalization of approximately N152 Billion (US $1.3 billion) 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 is comprised of a group of companies that symbolize dynamism, integrity, service delivery and professionalism in the energy sector. From its origins in downstream petroleum products marketing, Oando has recently redefined its business imperative to encompass the entire 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 service on the continent.

The company has grown its revenue at a compounded average of over 44% per annum since the year 2003, whilst revenue is projected to be in excess of N230 Billion (US$2 Billion) by the year 2007. 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 300,000 shareholders.

Oando’s exemplary standards of corporate governance was recently commended by the Nigerian Stock Exchange with the “Quoted Company of the Year Award” and the “Best in Downstream Petroleum Sector” for year, 2003, 2004 and 2006.

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