Tag: Oando Plc
Oando PLC revenue falls 21% year-on-year but upstream production surges 32%...
...Gross profit decreased 82% year-on-year to N27.8 billion (FY 2024: N155.9 billion)
...Crude oil, gas, and NGL output increased year-on-year, supported by asset optimization initiatives...
Oando profit falls sharply but CEO says focus has shifted to...
THUR OCT 30 2025-theGBJournal| Nigerian oil giant Oando on Thursday posted weaker-than-expected 9M 2025 gross profit, following recent strategic acquisition and pressure on its...
Oando’s profit shrinks 15% year-on-year in H1 2025 on trading headwinds
...Revenue declined by 15% year-on-year to N1,721 billion (H1 2024: N2,031 billion)
...Gross profit decreased by 28% to N59 billion (H1 2024: N82 billion)
...Capital expenditure...
Oando Plc’s secures $375 million upsizing of its Afreximbank reserve based...
...According to Oando, the refinancing marks a key milestone in Oando’s strategic capital management, and will support the Company’s ambition to achieve 100,000 barrels...
Oando PLC delivers solid FY 2024 results; revenue touches N4.1 trillion
...Oando's crude oil production rose by 22% to 7,558 bopd, while NGL production decreased by 35% to 156 bpd, and gas was down 5%...
Oando selected as Preferred Bidder for lease of Guaracara Refinery in...
TUE MARCH 11 2025-theGBJournal| Oando Trading, a subsidiary of Oando PLC, Nigeria, has been formally advised in writing of its selection as the preferred...
Oando Plc rewards shareholders with 1.28 billion additional shares in form...
...This directly increases minority shareholders' ownership stakes by one new ordinary share of 50 kobo each for every twelve existing ordinary shares of 50...
Oando Plc revenue surges to N4.1 trillion with profit-after-tax of N65.5...
...Oando's production for the twelve months ended December 31, 2024, averaged 23,911 barrels of oil equivalent per day (boe/d), an increase from the 23,258...
Oando PLC expands African upstream portfolio with successful bid for Block...
THUR JAN 23 2025-theGBJournal| Oando Energy Resources (OER), the upstream subsidiary of Oando PLC, has been awarded operatorship of Block KON 13 in Angola’s...
Oando Plc appoints Legal luminary, Ademola Akinrele as new Board Chairman
SAT JAN 04 2025-theGBJournal|Oando Plc on Friday announced the appointment of legal luminary, Mr. Ademola Akinrele, (SAN) as Chairman of the Board, effective immediately...
