A Glance at the Leading Five Oil Companies by Revenue in 2024 and Their CEOs:

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CBN

– Aradel Holdings

CEO: Adegbite Falade

CBN

Compensation: N2.43 billion

 

FY 2024 Financial Results:

Revenue: ₦581.0 billion (↑ 162.7% YoY)

Gross Profit: ₦319.8 billion

Operating Profit: ₦297.4 billion

Profit Before Tax: ₦321.6 billion (↑ 186.7% YoY)

Profit After Tax: ₦247.8 billion (↑ 361.1% YoY)

Total Assets: ₦1.7 trillion (↑ 89% YoY)

Equity: ₦1.4 trillion (↑ 97.7% YoY)

 

– Seplat Energy Plc

CEO: Roger Brown

CEO Compensation (2024): ₦746 million.

 

– TotalEnergies Marketing Nigeria Plc

Managing Director: Samba Seye

Executive Pay: ₦544 million

 

Q3 2024 Financial Highlights:

Profit Before Tax: ₦11.28 billion (↑ 258.6% YoY)

Profit After Tax: ₦6.85 billion (↑ 237.1% YoY)

Finance Income: ₦1.61 billion (↑ 55.6% YoY)

Finance Costs: ₦246.07 million (↓ 122.3% YoY)

 

– Eterna Plc

CEO: Abiola Lukman Lawal

Compensation: Not disclosed

 

FY 2024 Snapshot:

Revenue: ₦313.6 billion (↑ 71% YoY)

Fuel Sales: ₦272.4 billion

Lubricants: ₦39.2 billion

Cost of Sales: ₦273.9 billion

Distribution & Selling Expenses: ₦327 million

 

– MRS Oil Nigeria Plc

CEO: Sayyu Dantata

Executive Compensation: Not disclosed

 

FY 2024 Financial Metrics:

Revenue: ₦312.2 billion (↑ 71.26% YoY)

PMS Sales: ₦272.4 billion (87.1% of revenue)

Gross Profit: ₦23.9 billion (↑ 59.4% YoY)

Operating Profit: ₦9.6 billion (↑ 60.8% YoY)

Profit Before Tax: ₦9.7 billion (↑ 63.4% YoY)

Profit After Tax: ₦6.5 billion (↑ 60.8% YoY)

Total Assets: ₦105.4 billion (↑ 92% YoY)

 

~Imranmudhuz

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