Narrative Update • Jul 06
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Nigerian (NSE) Oil and Gas Refining and Marketing Industry Analysis
UpdatedJul 10, 2026
DataAggregated Company Financials
Companies3
- 7D0.1%
- 3M-2.2%
- 1Y-13.4%
- YTDn/a
Last week, the Oil and Gas Refining and Marketing industry hasn't moved much but Eterna is up 3.8% in that time. Unfortunately though, the industry is down 13% over the past 12 months.
Industry Valuation and Performance
Has the Nigerian Oil and Gas Refining and Marketing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Jul 2026 | ₦426.0b | ₦1.3t | -₦3,160,824,000.00 | 21.3x | -134.8x | 0.3x |
| Sun, 07 Jun 2026 | ₦417.5b | ₦1.3t | -₦6,937,527,000.00 | 42.6x | -60.2x | 0.3x |
| Tue, 05 May 2026 | ₦395.0b | ₦1.4t | -₦8,926,556,000.00 | 40.9x | -44.3x | 0.3x |
| Thu, 02 Apr 2026 | ₦404.7b | ₦1.4t | -₦12,885,258,000.00 | 45.3x | -31.4x | 0.3x |
| Sat, 28 Feb 2026 | ₦377.5b | ₦1.4t | -₦12,885,258,000.00 | 38.6x | -29.3x | 0.3x |
| Mon, 26 Jan 2026 | ₦371.7b | ₦1.4t | -₦14,388,959,000.00 | 24.3x | -25.8x | 0.3x |
| Wed, 24 Dec 2025 | ₦384.4b | ₦1.4t | -₦14,388,959,000.00 | 24.4x | -26.7x | 0.3x |
| Fri, 21 Nov 2025 | ₦395.9b | ₦1.4t | -₦14,388,959,000.00 | 30.4x | -27.5x | 0.3x |
| Sun, 19 Oct 2025 | ₦417.3b | ₦1.5t | ₦12.5b | 53.4x | 33.4x | 0.3x |
| Tue, 16 Sep 2025 | ₦404.2b | ₦1.5t | ₦12.5b | 53.4x | 32.4x | 0.3x |
| Thu, 14 Aug 2025 | ₦480.8b | ₦2.0t | ₦18.1b | 30.8x | 26.6x | 0.2x |
| Sat, 12 Jul 2025 | ₦509.0b | ₦2.1t | ₦33.0b | 11.9x | 15.4x | 0.2x |
| Mon, 09 Jun 2025 | ₦530.2b | ₦2.1t | ₦39.6b | 12.1x | 13.4x | 0.3x |
| Wed, 07 May 2025 | ₦581.8b | ₦2.1t | ₦41.5b | 11.9x | 14x | 0.3x |
| Fri, 04 Apr 2025 | ₦567.9b | ₦2.0t | ₦48.9b | 11.8x | 11.6x | 0.3x |
| Sun, 02 Mar 2025 | ₦601.6b | ₦2.0t | ₦48.9b | 13.4x | 12.3x | 0.3x |
| Tue, 28 Jan 2025 | ₦565.7b | ₦1.7t | ₦48.6b | 9.1x | 11.6x | 0.3x |
| Thu, 26 Dec 2024 | ₦572.7b | ₦1.7t | ₦48.6b | 10.9x | 11.8x | 0.3x |
| Sat, 23 Nov 2024 | ₦454.4b | ₦1.7t | ₦48.6b | 7.8x | 9.3x | 0.3x |
| Mon, 21 Oct 2024 | ₦397.7b | ₦1.5t | ₦42.0b | 9.3x | 9.5x | 0.3x |
| Wed, 18 Sep 2024 | ₦391.4b | ₦1.5t | ₦42.0b | 9.3x | 9.3x | 0.3x |
| Fri, 16 Aug 2024 | ₦319.8b | ₦1.5t | ₦42.0b | 7.6x | 7.6x | 0.2x |
| Sun, 14 Jul 2024 | ₦273.1b | ₦1.3t | ₦35.8b | 8.7x | 7.6x | 0.2x |
| Tue, 11 Jun 2024 | ₦228.9b | ₦1.2t | ₦34.4b | 7.6x | 6.6x | 0.2x |
| Thu, 09 May 2024 | ₦224.2b | ₦1.1t | ₦27.1b | 8.5x | 8.3x | 0.2x |
| Sat, 06 Apr 2024 | ₦369.4b | ₦1.0t | ₦27.4b | 9.1x | 13.5x | 0.4x |
| Mon, 04 Mar 2024 | ₦370.0b | ₦1.0t | ₦27.5b | 9.1x | 13.5x | 0.4x |
| Wed, 31 Jan 2024 | ₦468.2b | ₦1.3t | ₦13.1b | 9.1x | 35.7x | 0.3x |
| Fri, 29 Dec 2023 | ₦396.8b | ₦1.3t | ₦14.6b | 9.1x | 27.2x | 0.3x |
| Sun, 26 Nov 2023 | ₦414.5b | ₦1.3t | ₦14.6b | 9.1x | 28.4x | 0.3x |
| Tue, 24 Oct 2023 | ₦378.7b | ₦1.2t | ₦13.5b | 8x | 28.1x | 0.3x |
| Thu, 21 Sep 2023 | ₦431.1b | ₦1.2t | ₦13.5b | 8x | 31.9x | 0.4x |
| Sat, 19 Aug 2023 | ₦360.3b | ₦1.2t | ₦13.5b | 8.1x | 26.7x | 0.3x |
| Mon, 17 Jul 2023 | ₦360.8b | ₦1.1t | ₦17.8b | 11.9x | 20.3x | 0.3x |
Price to Earnings Ratio
20.3x
Current Industry PE
- There are only 3 companies in the Nigerian Oil and Gas Refining and Marketing industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Oil and Gas Refining and Marketing industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 5.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Nigerian Oil and Gas Refining and Marketing compare with similar industries?
| NG Market | 7.41% | |
| Energy | 19.86% | |
| Oil and Gas | 19.95% | |
| Oil and Gas Refining and Marketing | 0.10% | |
| Oil and Gas Exploration and Production | 0% | 0 |
| Oil and Gas Storage and Transportation | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OANDO Oando | ₦38.00 | 2.3% +₦8.8b | -29.9% | PE1.9x | |
| ETERNA Eterna | ₦28.80 | 0.7% +₦437.2m | -29.8% | PE17.4x |