Tag: Oando Plc
Oando’s crude oil production up 16% in H1 2026, company reports...
...Profit after tax rose 8% to ₦68.6 billion
...Gross profit rose 331% to ₦101 billion.
...The Company attributed this increase to its crude oil marketing and...
Oando signals stronger 2026 outlook after NAOC integration drives production, cash...
Key highlights
...Revenue of N3.2 trillion (2024: N4.1 trillion)
...Profit after tax of N204.8 billion, supported by impairment reversals and tax credits
...Cash generated from operations of...
Oando Joint Venture announces gas supply agreement to power Bayelsa’s 60MW...
THUR APRIL 16 2026-theGBJournal| Oando PLC, said today that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled...
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...
