This article is about the top highest paying oil companies in Nigeria currently in this year 2023. If you are wondering which oil companies in the country currently offer the highest salaries, look no further because we will provide you the answers you need right here. One of the most reliable industries in Nigeria is the oil sector. It has played a significant role in the economics and growth of the nation and serves as its primary source of revenue generation. It also offers a great deal of Nigerians work prospects, that is why many people are always interested in the salary of oil companies in the country. Below are given the best paying companies in Nigeria today.
HIGHEST PAYING OIL COMPANIES IN NIGERIA 2023
The following are the highest paying oil companies in Nigeria this 2023:
Total is currently the highest-paying oil company in Nigeria. It is a worldwide integrated oil and gas corporation based in France. Total is a public company that trades in petroleum products and chemicals and is listed on Euronext Paris. Total’s International headquarters is located in Courbevoie, France, close to Paris. The Société française des pétroles (SFP) and Total SA merged to form the corporation. At Total, an entry-level graduate earns more than ₦25 million per year in gross income in Nigeria today.
Over half of Nigeria’s 1.4 million barrels per day total refinery capacity, or about 860,000 barrels per day, are refined by Chevron. Chevron is your best option if you wish to refine oil in Nigeria today. Additionally, the corporation’s proven daily oil production from onshore assets stand at about 400,000 barrels. An entry-level employee at this American oil corporation receives more than ₦22 million in Nigeria today.
Mobil is a multinational oil and gas company based in the United States. It was one of seven “super majors” whose global activities accounted for around 20% of all daily oil field output worldwide. Mobil is present in a number of nations around the world, including Nigeria. Mobil is Nigeria’s largest oil corporation in terms of income and production volume.
The company’s history can be traced back to 1866, when William Rockefeller founded Standard Oil Company in Ohio, which later merged with Exxon Company U.S., Inc. to form ExxonMobil Corporation. As of December 2018, the corporation had over 40 subsidiaries operating in more than 90 countries across six continents, employing about 411000 people worldwide, making it one of the world’s largest publicly traded companies by market capitalization. Mobil, like Chevron, pays fresh graduates in Nigeria around ₦22 million gross salary per year.
Shell is a multinational Anglo-Dutch oil and gas company based in The Hague, Netherlands, with operations in 90 countries. Shell is one of the world’s largest oil companies, and its primary business is the exploration, production, refining, transportation, and marketing of oil, gas, and other energy sources.
Shell’s roots may be traced back to the Royal Dutch Petroleum Company, which was established in 1899 by Marcus Samuel (1853-1927), an engineer who built refineries in England. It was renamed Shell Transport & Trading Co Ltd. in 1907, and it established a vast network of worldwide links. It also discovered the Leduc Oil Field near Edmonton, Canada in 1907, which led to rapid expansion for the Royal Dutch/Shell Group through the acquisition of many companies during World War II, including British Coal/English Electric (1940s) and Brazilian Traction Light & Power Company (1921), among others. Shell pays its entry level staff in Nigeria about ₦19 million per annum.
Agip/NLNG is a partnership formed by Agip and Nigeria LNG. It is Nigeria’s largest gas company and the only one producing gas in the Niger Delta region. In 2018, the aggregate output of all oil and gas companies operating in Nigeria was 1,065 million barrels of oil equivalent (MMBOE). This statistic is up from 897 MMBOE in 2017, 717 MMBOE in 2016, and 744 MMBOE in 2015.
Increased exploration activities by major companies as well as improved drilling techniques by junior companies operating onshore and offshore fields within Nigeria’s territorial waters as well as neighboring countries such as Ghana, Chad, and Cameroon where they have concession agreements with host governments were attributed to the significant growth recorded during this period. Agip pays their entry level staff about ₦18 million per year.
Addax, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), was founded in 2001 and it is headquartered in Port Harcourt, the Capital city of Rivers State. As an independent downstream oil and gas business, Addax produces, refines, distributes, and sells petroleum products. The company also offers support services to other NNPC businesses, such as renovating their domestic market facilities in Nigeria. Addax pays their entry level staff about ₦16 million per annum.
Seplat is Nigeria’s highest-paying oil company. This oil company gives its employees monthly and yearly bonuses as additional payment to their salaries. It also provides allowances, which are sums of money granted to some employees each month as a way of rewarding good performance. Seplat pays their employees about ₦12 million per year.
The Nigerian National Petroleum Corporation (NNPC) is a government-owned oil and gas corporation founded in 1975 by the Nigerian government under the auspices of the NNPC Act of 1975 (Act No. 55). The corporation is in charge of petroleum product exploration, extraction, refining, and distribution in Nigeria. It also has operational authority over all strategic industries, such as power generation and distribution, as well as fertilizer manufacturing. NNPC pays its entry level employees about ₦11 million per year.