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Nigerian (NSE) Oil and Gas Refining and Marketing Industry Analysis
UpdatedAug 29, 2025
DataAggregated Company Financials
Companies3
- 7D0%
- 3M-17.7%
- 1Y18.0%
- YTDn/a
The Oil and Gas Refining and Marketing is pretty flat in the last 7 days, but Oando has stood out, gaining 10%. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 44% per annum.
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, 29 Aug 2025 | ₦413.3b | ₦1.5t | ₦12.5b | 53.4x | 33.1x | 0.3x |
| Sun, 27 Jul 2025 | ₦508.5b | ₦2.1t | ₦33.0b | 12.1x | 15.4x | 0.2x |
| Tue, 24 Jun 2025 | ₦512.9b | ₦2.1t | ₦33.0b | 12.2x | 15.6x | 0.2x |
| Thu, 22 May 2025 | ₦579.3b | ₦2.1t | ₦39.6b | 12.1x | 14.6x | 0.3x |
| Sat, 19 Apr 2025 | ₦585.8b | ₦2.0t | ₦48.6b | 11.3x | 12.1x | 0.3x |
| Mon, 17 Mar 2025 | ₦557.3b | ₦2.0t | ₦48.9b | 12.4x | 11.4x | 0.3x |
| Wed, 12 Feb 2025 | ₦614.9b | ₦2.0t | ₦48.9b | 13.6x | 12.6x | 0.3x |
| Fri, 10 Jan 2025 | ₦557.8b | ₦1.7t | ₦48.6b | 10.9x | 11.5x | 0.3x |
| Sun, 08 Dec 2024 | ₦475.9b | ₦1.7t | ₦48.6b | 7.8x | 9.8x | 0.3x |
| Tue, 05 Nov 2024 | ₦406.0b | ₦1.6t | ₦47.7b | 7.8x | 8.5x | 0.3x |
| Thu, 03 Oct 2024 | ₦391.4b | ₦1.5t | ₦42.0b | 9.3x | 9.3x | 0.3x |
| Sat, 31 Aug 2024 | ₦374.8b | ₦1.5t | ₦42.0b | 8.8x | 8.9x | 0.3x |
| Mon, 29 Jul 2024 | ₦273.1b | ₦1.3t | ₦37.2b | 7.6x | 7.3x | 0.2x |
| Wed, 26 Jun 2024 | ₦251.8b | ₦1.2t | ₦34.4b | 7.6x | 7.3x | 0.2x |
| Fri, 24 May 2024 | ₦223.3b | ₦1.2t | ₦34.4b | 7x | 6.5x | 0.2x |
| Sun, 21 Apr 2024 | ₦371.3b | ₦1.0t | ₦26.6b | 9.1x | 14x | 0.4x |
| Tue, 19 Mar 2024 | ₦368.2b | ₦1.0t | ₦27.5b | 9.1x | 13.4x | 0.4x |
| Thu, 15 Feb 2024 | ₦390.7b | ₦1.0t | ₦27.5b | 9.1x | 14.2x | 0.4x |
| Sat, 13 Jan 2024 | ₦420.3b | ₦1.3t | ₦14.6b | 8.2x | 28.8x | 0.3x |
| Mon, 11 Dec 2023 | ₦393.3b | ₦1.3t | ₦14.6b | 8.5x | 26.9x | 0.3x |
| Wed, 08 Nov 2023 | ₦384.1b | ₦1.3t | ₦14.7b | 9.1x | 26.1x | 0.3x |
| Fri, 06 Oct 2023 | ₦381.9b | ₦1.2t | ₦13.5b | 8x | 28.3x | 0.3x |
| Sun, 03 Sep 2023 | ₦350.0b | ₦1.2t | ₦13.5b | 8x | 25.9x | 0.3x |
| Tue, 01 Aug 2023 | ₦365.0b | ₦1.2t | ₦11.5b | 10.3x | 31.7x | 0.3x |
| Thu, 29 Jun 2023 | ₦251.1b | ₦1.1t | ₦17.8b | 8.6x | 14.1x | 0.2x |
| Sat, 27 May 2023 | ₦161.6b | ₦1.1t | ₦16.6b | 5.3x | 9.8x | 0.1x |
| Mon, 24 Apr 2023 | ₦142.3b | ₦1.1t | ₦15.2b | 5.9x | 9.3x | 0.1x |
| Wed, 22 Mar 2023 | ₦194.4b | ₦1.1t | ₦16.4b | 4.8x | 11.8x | 0.2x |
| Fri, 17 Feb 2023 | ₦186.9b | ₦1.1t | ₦16.4b | 4.8x | 11.4x | 0.2x |
| Sun, 15 Jan 2023 | ₦182.1b | ₦1.0t | ₦12.0b | 4.5x | 15.2x | 0.2x |
| Tue, 13 Dec 2022 | ₦167.7b | ₦1.0t | ₦12.0b | 4.2x | 14x | 0.2x |
| Thu, 10 Nov 2022 | ₦166.4b | ₦994.3b | ₦14.6b | 4.2x | 11.4x | 0.2x |
| Sat, 08 Oct 2022 | ₦179.0b | ₦935.0b | ₦14.6b | 4.8x | 12.2x | 0.2x |
| Mon, 05 Sep 2022 | ₦193.6b | ₦935.6b | ₦14.6b | 4.8x | 13.3x | 0.2x |
Price to Earnings Ratio
13.3x
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
- The earnings for companies in the Oil and Gas Refining and Marketing industry have declined 5.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 18% 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 | 0.12% | |
| Energy | -1.48% | |
| Oil and Gas | -1.47% | |
| Oil and Gas Refining and Marketing | 0% | 0 |
| 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 | ₦51.20 | 4.5% +₦32.1b | -21.9% | PE3.3x |