The oil and gas industry generated over N493.77 billion in revenue in the third quarter (Q3) of 2023, with Seplat closing the period as the best-performing company and TotalEnergies being the least-performing.
According to an analysis of the financial statements of five publicly listed companies, the industry increased its turnover by 87.79 percent year-on-year from N262.94 billion earned in Q3 2022.
The revenue reported is the group earnings of Seplat, Total, Eterna, MRS and Conoil.
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