Top 10 highest paying oil company in Nigeria, What is the highest paying oil company in Nigeria?. The oil industry in Nigeria is one of the most stable industries in the country. It has been a key contributor to the country’s economy and development, as well as its main source of revenue. It also provides employment opportunities for a huge number of Nigerians.
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Top 10 highest paying oil company in NigeriaTOTALChevronMobilNNPCSEPLATADDAXAGIP/NLNGSHELLEXXONMOBILCHEVRONConclusion
Top 10 highest paying oil company in Nigeria
What is the highest paying oil company in Nigeria?. The oil companies listed below are some of the biggest ones in Nigeria; they have been operating in this sector for many years and have earned billions of dollars from their operations. Apart from ExxonMobil and Chevron who are ranked higher on this list, here are some other companies that also make up for some big money:
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TOTAL
TOTAL is the highest paying oil company in Nigeria. It’s a French multinational integrated oil and gas company. TOTAL is a public company, listed on Euronext Paris, that trades in petroleum products and chemicals.
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Total has its headquarters in Courbevoie, France, near Paris. The company was created by the merger of Société française des pétroles (SFP) and Total SA. In April 2016, Total announced that it had agreed to buy Maersk Oil & Gas for $7bn (£4bn) from A.P. Moller-Maersk Group.
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Chevron
The company has a refining capacity of around 860,000 barrels per day (bpd), which is more than half of Nigeria’s total refinery capacity of 1.4 million bpd. This means that if you want to refine oil in Nigeria, Chevron will be your best bet. The company also produces around 400,000 barrels of oil from its onshore fields each day and has proved oil reserves of up to 20 billion barrels.
Mobil
Mobil is an American multinational oil and gas corporation. It was one of the seven “super majors” whose global operations accounted for about 20% of all daily production from oil fields worldwide. Mobil operates in many countries around the world, including Nigeria. In Nigeria, Mobil is the largest oil company by revenues as well as production volumes.
The firm’s history can be traced back to 1866 when William Rockefeller established Standard Oil Company in Ohio which later became ExxonMobil Corporation after merging with Exxon Company U.S., Inc..
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As at December 2018, the company had over 40 subsidiaries operating in more than 90 countries across six continents with nearly 411000 employees worldwide making it one of the largest publicly traded companies on earth by market value.
NNPC
NNPC is the largest oil company in Nigeria. It is a government-owned oil and gas corporation, established in 1975 by the Nigerian government under the auspices of the NNPC Act of 1975 (Act No. 55).
The company is responsible for exploration, extraction, refining and distribution of petroleum products in Nigeria. It also has operational control over all strategic industries including power generation and supply as well as fertiliser production.
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SEPLAT
SEPLAT is the highest paying oil company in Nigeria. This company pays monthly salaries, monthly bonuses and yearly bonuses to its workers. The company also pays allowance, which is an extra money paid to some employees every month for good performance or as an incentive to keep them motivated at all times. SEPLAT also pays overtime; this means that if you work more than 8 hours per day or 40 hours per week, your employer will pay you extra salary for those extra hours of work.
ADDAX
It is the subsidiary of the Nigerian National Petroleum Corporation (NNPC). It was incorporated in 2001 and its headquarters are located in Port Harcourt, Rivers State.
ADDAX operates as an independent downstream oil and gas company that produces, refines, transports and sells petroleum products. The company also provides supporting services to other NNPC subsidiaries including rehabilitating its facilities in Nigeria’s domestic market.
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AGIP/NLNG
AGIP/NLNG is a joint venture between AGIP and NIGERIA LNG. It is the largest gas company in Nigeria, and it is the only company that produces gas in the Niger Delta region.
The combined production of all O&G companies operating in Nigeria amounted to 1,065 million barrels of oil equivalent (MMBOE) in 2018. This figure represents an increase from 897 MMBOE in 2017, 717 MMBOE in 2016 and 744 MMBOE for 2015. The significant growth recorded over this period was attributed to increased exploration activities by major companies as well as improved drilling techniques by junior companies operating onshore and offshore fields within Nigeria’s territorial waters as well as neighboring countries such as Ghana, Chad and Cameroon where they have concession agreements with host governments
SHELL
Shell is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands, and active in 90 countries. Shell is one of the world’s largest oil companies, with its core activity being the exploration, production, refining, transport and marketing of oil, gas and other energy sources.
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Shell traces its origins to Royal Dutch Petroleum Company founded in 1899 by Marcus Samuel (1853–1927), an engineer who built refineries in England. In 1907 it became known as Shell Transport & Trading Co Ltd., which built up an extensive network of international connections. In 1907 it also discovered the Leduc Oil Field near Edmonton Canada; this discovery led to rapid expansion for Royal Dutch/Shell Group through acquisition of many companies during World War II such as British Coal/English Electric (1940s), Brazilian Traction Light & Power Company (1921) among others.[citation needed]
EXXONMOBIL
In 2015, Exxon Mobil was the largest publicly traded international oil and gas company in the world. The company manufactures and supplies petrochemicals, energy and chemical products and services to a range of customers around the world.
Exxon Mobil is headquartered in Irving, Texas. It has more than 70 manufacturing facilities around the world with total refining capacity of 3 million barrels per day (bpd) across countries including the US, Saudi Arabia, China, India and Australia among others.
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CHEVRON
Chevron is the largest oil company in Nigeria. It is a US based company and it has its headquarters in San Ramon, California. Chevron is also a Fortune 500 company and it has more than 50 000 employees worldwide.
Chevron is involved in all aspects of the oil industry including exploration, production, refining and marketing. The company operates through affiliates in 28 countries around the world including Nigeria where it produces about 100 million barrels of crude oil per day (mbpd).
It’s a global giant with many offices in over 90 countries around the world
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Conclusion
Chevron has been around for a long time, which means they have built up a lot of experience, knowledge and expertise in the oil industry. However, it also means that they will probably not be able to expand their operations as fast as other companies might because they already have so many assets across Nigeria and abroad.
