investor relations

What's New

		Oando Announces Right Issue Results Oando PLC, one of Nigeria’s leading energy groups, which has a primary listing on the Nigerian Stock Exchange and more...

Financial Profile

Our outlook for the future is very bright. Our Upstream division is not an opportunistic play for us, it is a platform we intend to deliberately fund and grow as its margins are very high and would deliver value to all shareholders. We will therefore continue to invest in this division especially in near production assets to ensure our time to production is as short as possible.

Over the years, we have positioned ourselves to be the local content partner of choice and we expect this to yield fruits for all stakeholders as Oando continues to grow profitability by 58% year on year over the last five years.

Oando was listed on the floor of the Nigerian Stock Exchange in February 1992 and has since grown to become one of the top ten Nigerian-controlled companies quoted on the Exchange in terms of revenue and profitability. 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 from its origins in downstream petroleum products marketing, by adding gas, power, international supply, trading and energy services to its present stable of offerings and is currently consolidating its upstream investments. It is envisioned that Oando shall become a leader in the African Energy Sector, delivering world-class service on the continent.

The company is customer-focused and performance driven and it comprises a group of companies that symbolize dynamism, integrity, service delivery and professionalism in the energy sector.

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

The company has grown its revenue at a compounded average of over 57% per annum since the year 2004, whilst revenue is projected to be in excess of N846 Billion by the year 2013. 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, 2006 and 2007.

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