Oando PLC 2024 AR2
The report highlights Oando PLC's transformative 2024 fiscal year, marked by the landmark $754 million acquisition of 100% of Eni's interest in the Nigerian Agip Oil Company (NAOC). This acquisition doubled the company's upstream footprint, significantly increasing its 2P reserves to 983 million boe and boosting average production to 23,727 boepd. Financially, the company achieved a 44% revenue growth to ₦4.1 trillion and a 267% surge in profit after tax to ₦220 billion. On the sustainability front, Oando Clean Energy Limited advanced green initiatives, with its electric mass transit buses covering 121,145 km and avoiding over 163,500 kg of CO2 emissions. Additionally, the Oando Foundation enrolled 4,388 out-of-school children and upgraded 18 early childhood centers.
Company: Oando PLC
Sector: Energy
Country: Nigeria
Year: 2024
Type: AR2
Pages: 248
Oando PLC
Annual Report And Accounts
The report highlights Oando PLC's transformative 2024 fiscal year, marked by the landmark $754 million acquisition of 100% of Eni's interest in the Nigerian Agip Oil Company (NAOC). This acquisition doubled the company's upstream footprint, significantly increasing its 2P reserves to 983 million boe and boosting average production to 23,727 boepd. Financially, the company achieved a 44% revenue growth to ₦4.1 trillion and a 267% surge in profit after tax to ₦220 billion. On the sustainability front, Oando Clean Energy Limited advanced green initiatives, with its electric mass transit buses covering 121,145 km and avoiding over 163,500 kg of CO2 emissions. Additionally, the Oando Foundation enrolled 4,388 out-of-school children and upgraded 18 early childhood centers.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees