CATEGORY: MOBIL OIL NIGERIA


ALERT: Mobil Nigeria Report N14 Million Profit (2017 Q1)

Mobil Oil Nigeria today released Unaudited Financial Statements for the three months ended 31 March 2017.   Turnover N’million...


Nipco’s Plans For Mobil

Nairametrics|Independent oil marketer Nipco Plc has completed its acquisition of a 60% stake in Mobil Oil Plc. The company...


Alert: Mobil Oil Nigeria Declares N8.2 billion Profit (2016 FY)

Mobil today released audited results for the financial year ended 31 December 2016.   Turnover N’million FY 2016| N94,108...


NIPCO Confirms Deal With Mobil Is Nearly Complete

Mobil Nigeria Plc has revealed that the transfer of its shares to NIPCO Plc will soon be completed. The Managing...


MTO Bid Sparks Mobil Oil Share Price Rally

Mobil Oil Nigeria Plc announced yesterday that the purchase consideration for its planned 60% divestment of its parent company...


Mobil Confirms NIPCO Purchase Consideration Is $301million

Last October, Mobil Nigeria Plc announced it had agreed a deal that will see NIPCO acquire about 60% of...


ALERT: Mobil Oil Nigeria Plc Release 2016 Third Quarter Earnings

Mobil Oil Nigeria Plc released its 2016 result for the nine months ended 30 September 2016 ; See below...


What We Currently Know About The Mobil/Nipco Deal

Last week, the Nigerian Stock Exchange Published  press release confirming that Exxon Mobil has agreed a deal that will...


Mobil Nigeria Plc Announce Divestment Of Shares

ExxonMobil Oil Corporation, a majority shareholder in Mobil Oil Nigeria has agreed to sell its 60 percent shares in...



ExxonMobil Gets 21 Day Deadline From Indigenous Contractors Over Local Content Law

Contractors from Akwa Ibom State, under the aegis of Core Community Contractors Initiative, have given Mobil Producing Nigeria Unlimited,...


[Oil Spillage] NOSDRA Fines Mobil Nigeria N10million

The National Oil Spill De­tection and Response Agency, NOSDRA has slammed a N10 million fine on Mobil Producing Nigeria...


[Corporate Action] Mobil Nigeria Plc Records a 39% Drop In Profits For Q3’2015

Mobil Nigeria Plc released its financial results for the 9 months ended September 2015. The result showed dropped by...


The Reason Why ExxonMobil’s Activities Dwindled By 53%

Mobil Producing Nigeria Unlimited (MPNU), operator of MPN/NNPC Joint Venture, says its operations have witnessed 53 percent decline because...


These two companies will pay dividend this week (1-5/6/15)

The following companies will be paying their shareholders dividends this week. Having declared dividends earlier and closed their register,...


Buy sell or hold? Mobil Nigeria Plc after release of 2015 Q1 results

PMS price cut and volume slowdown weigh on top-line Mobil Oil Nigeria Plc “Mobil” Q1 15 reported 26.4% YoY contraction in revenues to N16.5billion—the...


Buy, sell or hold? Analysis of Mobil Nigeria Plc 2014 results

Mobil Oil Nigeria Plc. (12 months ended December 2014) Mobil Oil Nigeria Plc “Mobil” reported 1.1% YoY rise in...


Analysis of Mobil Nigeria results and why it’s a “Sell”

 Analysis of Mobil Oil Nigeria Plc. (12 months ended December 2014) Mobil Oil Nigeria Plc “Mobil” reported 1.1% YoY...


Mobil Nigeria Plc reports blow out results

Mobil Nigeria Plc released its 2014 FY results showing revenues rose 1.1% to N79.5billion (N78.7billion). Pre-tax profits for the...


Analysis: Why Depressed Oil Prices Makes Mobil A “Sell”

Mobil Oil Nigeria Plc. (9 months ended September 2014)   Mobil Oil Nigeria Plc “Mobil” reported a 3.4% YoY...