Higher Crude Prices Boost Oil Companies’ Performanc— Expert
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Improved oil production and high crude prices has seen Nigeria’s oil and gas producers reporting positive growth in output and financial results.
Research Analyst at Zedcrest Investment Managers, Harrison Osagie, cited Seplat, Aradel Oando and TotalEnergies as reporting higher earnings in the third quarter of 2026.
Osagie, also said the firms expect strong fourth quarter as Nigeria’s production is expected to hold around 1.7 million barrels with a stable exchange rate.
He said Nigeria’s listed oil and gas companies are reporting stronger third-quarter earnings as higher crude prices support revenue, while expectations for steady production and a stable naira point to a firm finish to the year.
Seplat Energy, Aradel Holdings, Oando and TotalEnergies are among th...