9 Highest Paying Oil Companies In Nigeria. If you’re wondering which oil firms in the country are now paying the highest wages, look no further because we’ve got the answers right here. The oil business is one of Nigeria’s most dependable sectors.
It has played an important part in the nation’s economy and growth, and it is the principal source of revenue generating. It also provides many job opportunities for Nigerians, which is why many people are usually interested in the salaries of oil businesses in the country. The best paying firms in Nigeria currently are listed below.
Highest Paying Oil Companies In Nigeria
The following are the top oil firms in Nigeria in 2023:
1. Total
Total is now Nigeria’s highest-paying oil company 6. It is a global integrated oil and gas firm headquartered in France. Total is a publicly traded business on Euronext Paris that trades in petroleum products and chemicals. Total’s international headquarters are in Courbevoie, France, not far from Paris. The corporation was formed by the merger of the Société française des pétroles (SFP) and Total SA. In Nigeria today, an entry-level graduate earns more than N25 million in gross income per year.
2. Chevron
Chevron refines over half of Nigeria’s entire refinery capacity of 1.4 million barrels per day, or approximately 860,000 barrels per day. If you want to refine oil in Nigeria today, Chevron is your best bet. Furthermore, the corporation’s confirmed daily oil production from onshore assets is approximately 400,000 barrels. In Nigeria today, an entry-level employee at major American oil corporation earns more than N22 million.
3. Mobil
Mobil is a multinational oil and gas corporation headquartered in the United States. It was one of seven “super majors” whose global operations accounted for around 20% of global daily oil field output. Mobil is present in a number of countries worldwide, including Nigeria. Mobil is Nigeria’s largest oil company in terms of revenue and output volume.
4. ExxonMobil
ExxonMobil Corporation may be traced back to 1866, when William Rockefeller established Standard Oil Company in Ohio, which later combined with Exxon
Company U.S., Inc. to form ExxonMobil Corporation. As of December 2018, the firm had over 40 subsidiaries operating in more than 90 countries across six continents, employing around 411000 people globally, making it one of the world’s largest publicly traded companies in terms of market valuation. Mobil, like Chevron, pays young graduates in Nigeria roughly N22 million Naira per year in gross income.
5. Shell
Shell is an Anglo-Dutch multinational oil and gas business headquartered in The Hague, Netherlands, with activities
in 90 countries. Shell is one of the world’s largest oil companies, with the primary business of exploring, producing, refining, transporting, and marketing oil, gas, and other energy sources. The Royal Dutch Petroleum Company, founded in 1899 by Marcus Samuel (1853-1927), an engineer who developed refineries in England, can be traced back to Shell. In 1907, it was renamed Shell Transport & Trading Co Ltd., and it created a broad network of global connections. It also discovered the Leduc Oil Field near Edmonton, Canada in 1907, which led to the Royal Dutch/Shell Group’s rapid expansion during World War II through the acquisition of many companies, including British Coal/English Electric (1940s) and Brazilian Traction Light & Power Company (1921), among others. Shell pays its entry-level employees in Nigeria around N19 million per year.
6. AGIP/NLNG
Agip/NLNG is a collaboration between Agip and Nigeria LNG. It is the largest gas firm in Nigeria and the only one
producing gas in the Niger Delta region. In 2018, the total output of all Nigerian oil and gas businesses was 1,065 million barrels of oil equivalent (MMBOE). This figure represents an increase from 897 MMBOE in 2017, 717 MMBOE in 2016, and 744 MMBOE in 2015.
The significant growth observed during this period was attributed to increased exploration activities by major companies as well as improved drilling methods by junior companies operating onshore and offshore fields within Nigeria’s territorial waters as well as in nearby nations like Ghana, Chad, and Cameroon where they have concession
agreements with host governments. The annual salary for Agip’s entry-level employees is roughly N18 million.
7. Addax
Addax was created in 2001 as a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and is located in Port Harcourt, the capital city of Rivers State. Addax is an independent downstream oil and gas company that manufactures, refines, distributes, and sells petroleum products. The corporation also provides assistance to other NNPC enterprises, such as the renovation of its domestic market facilities in Nigeria. Addax pays their entry-level employees around N16 million per year.
8. Seplat
Seplat is the highest-paying oil firm in Nigeria. This oil business provides monthly and yearly bonuses to its employees in addition to their salaries. It also gives allowances, which are monthly quantities of money given to some employees to recognize good performance. Seplat pays its staff approximately N12 million per year.
9. NNPC
The Nigerian National Petroleum Corporation (NNPC) is a government-owned oil and gas corporation formed in
1975 under the auspices of the NNPC Act of 1975 (Act No. 55) by the Nigerian government. In Nigeria, the corporation is in charge of petroleum product exploration, extraction, refining, and distribution. It also has operational control over all strategic industries, including power generation and distribution, as well as fertilizer
production. NNPC pays its entry-level staff approximately N11 million per year.
