Oando PLC is a leading integrated energy group in Nigeria and one of Africa’s prominent and indigenous oil and gas companies, operating across the upstream, midstream, downstream, and clean energy value chains.
Oando started as ESSO West Africa Incorporated and a subsidiary of Exxon Corporation of the United States. In 1976, the Federal Government of Nigeria bought Esso’s interest, becoming the sole owner of the company and renaming it Unipetrol Nigeria Limited.
The company became a public limited company in 1991. Oando is listed on both the Nigerian Exchange and the Johannesburg Stock Exchange.
Ocean & Oil holdings acquired a controlling stake, FGN’s stake, in Unipetrol in 2000, and the stake was increased a year later. By 2002, the company acquired 60% in the equity of Agip Nigeria Plc. Unipetrol Nigeria eventually merged with Apig Nigeria Plc and rebranded to OandO in 2003. Other companies that OandO has acquire or takeover over the years include Exile Resources in 2012, ConocoPhillips Nigeria in 2014.
OandO Trading Limited and OandO Supply & Trading Limited were incorporated in 2004, and OandO Energy Services, a year later.
