Seplat, Aradel and Oando: Who is turning more oil into more cash?

🇳🇬 Nairametrics Nigeria (NG) —

AI Summary

Seplat led the three Nigerian oil and gas companies in production during the first nine months of 2026, with Aradel close behind and Oando far lower. Aradel reportedly retained the most cash, highlighting that the highest output did not translate into the strongest cash position.

Seplat led oil and gas production in the first nine months of 2026, averaging 144,999 barrels of oil equivalent per day. Aradel was close behind at about 144,700, while Oando ranked third at 42,985, less than a third of either rival’s output. However, according to their financial statements, Aradel had the most cash left, but […] The post Seplat, Aradel and Oando: Who is turning more oil into more cash? appeared first on Nairametrics.

Markets Commodities Energy Seplat Aradel Oando oil and gas production cash flow Nigeria

Read original source →