TheCable·4 min read·hard

BEYOND THE DATA: Why four of six publicly listed oil companies recorded N1trn revenue decline in 2025

O
Olalekan Fakoyejo
BEYOND THE DATA: Why four of six publicly listed oil companies recorded N1trn revenue decline in 2025
AI Summary

Four of Nigeria's six publicly listed oil companies experienced a combined revenue decline of N1.21 trillion in 2025. Despite this, the sector saw an overall revenue increase of 17.36% driven by upstream and midstream operations.

At least four of the six publicly listed oil companies in Nigeria saw their revenues nosedive in 2025.

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