Top 5 oil companies in Nigeria and their owners
The Oil Industry has always been a big deal in Nigeria. The industry is the undisputed major source of Nigeria’s income. Although, the government is planning to invest in Agriculture and Tourism, they are still not a match for petroleum. This is why working in an oil company have become a big deal in the country.
There are 5 oil companies that are doing way better than the rest in the country, and to surprise you, the most popular ones are not even on the list. Have you ever wondered who the owners of these oil companies are? Well, you are about to find out.
1. Exxon Mobil – John D. Rockefeller
Exxon Mobil is not only number 1 in Nigeria, but in the whole world. The company’s net worth is estimated be more than $400 billion. Exxon Mobil Corporation is headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil. The current chairman is Darren Woods. Tunji Oyebanji is the Managing Director/CEO of the Nigerian branch of this company.
2. Chevron – Mike Wirth
Chevron is also a multinational, headquartered in the United States of America. They have an estimated net worth of more than $253 billion. The Chairman of the Board and CEO of the oil giant is Michael Wirth. Jeffrey Ewing is the Managing Director and CEO of Chevron Nigeria Limited.
3. Statoil – Eldar Sætre
The 3rd biggest oil company in Nigeria is the biggest Norwegian oil company in the world. They came to Nigeria in the early 1990s, and have since grown tremendously. The company is estimated to be worth more than $155 billion. The company’s CEO is Eldar Sætre, a Norwegian businessman.
4. Shell – Gretchen Watkins
Shell is one of the oldest oil companies in Nigeria. They have been around for more than 60 years. They have always collaborated with NNPC, and they are still doing business together. Like other oil companies, they have employed thousands of Nigerians, and people will die to get a job there. The company is valued at $213 billion or even more. Although the company is a subsidiary of the Royal Dutch Shell, it still has a president, Gretchen Watkins. On the 1st of March, 2015, Osagie Okunbor was appointed as the Managing Director of Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Country Chair of Shell Companies in Nigeria.
5. Nigerian Agip Oil Company Limited – Emma Marcegaglia
Agip is a subsidiary of Eni. They started business in Nigeria in 1962. Their total asset is valued at $116 billion dollars and counting. The chairman of the board of Eni is Emma Marcegaglia, while the Managing Director of the Nigerian Agip Oil Company Limited is Chudi Illoh.
Are you surprised to see that these top 5 companies are not owned by Nigerians? Share your opinion in the comments section.
Looking on the bright side, they provide the best jobs and are responsible for employing about 20% of the wealthy people in the country.
SOURCE: OperaNews
