Leadnaija
According to the research gathered by LeadNaija, below are the leading five oil companies by revenue in 2024 and Their CEOs:
1. Aradel Holdings
CEO: Adegbite Falade
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)
2. Seplat Energy Plc
CEO: Roger Brown
CEO Compensation (2024): ₦746 million.
3. 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)
4. 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
5.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).. CONTINUE READING
