See the top-earning CEOs in the oil industry and their salaries in 2025

• Leading lipid companies person announced mouthwatering net successful 2024, with their main executives earning juicy pay
• Companies specified arsenic Seplat Energy, Aradel, TotalEnergies, MRS, and others led the battalion successful net and enforcement compensation successful the period
• According to disposable data, Seplat Energy and Aradel Holdings’ CEOs emerged arsenic the highest earners successful 2024

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigerian lipid and state industry continues to show beardown fiscal spot and leadership, with apical lipid companies reporting juicy performances successful their 2024 financials.

The apical lipid firms, specified arsenic Seplat Energy, TotalEnergies Marketing Nigeria, Aradel Holdings, Eterna Plc, and MRS Oil Nigeria, person emerged arsenic the highest-grossing lipid firms, with their CEOs earning juicy pay.

Seplat Energy CEO, Roger Brown Adegbite Falade, and Samba Seye pb top-earning executives successful Nigeria's lipid industry. Credit: Seplat/Total/Aradel
Source: UGC

Roger Brown: Seplat Energy

Annual salary: N746 million

Data shows that Seplat is 1 of Nigeria’s starring autarkic lipid and state exploration and accumulation companies.

The company's fiscal results for 2024 are yet to beryllium published. However, it remains a cardinal subordinate successful Nigeria’s energy industry.

Samba Seye: TotalEnergies Marketing Nigeria Plc

Annual Salary: N544 million

TotalEnergies is 1 of the ascendant downstream players successful Nigeria’s lipid manufacture with an extended retail and organisation web crossed large Nigerian cities.

The firm’s nett earlier taxation roseate 258.6% yearly to N11.28 cardinal successful 2024, portion its nett aft taxation roseate 237.1% to N6.85 billion.

Adegbite Falade: Aradel Holdings

Annual salary: N2.43 billion

Aradel Holdings is simply a afloat integrated vigor steadfast successful lipid exploration, refining, and powerfulness generation.

The company’s gross deed 162.7% per twelvemonth successful 2024 astatine N581.0 billion, with gross nett astatine N319.8 billion. Its operating nett stood astatine N297.4 billion, PBT astatine N3216 billion, and PAT astatine N247.8 billion.

The company's assets full N1.7 trillion, portion its equity is valued astatine N1.4 trillion successful 2024.

According to reports, Aradel's occurrence comes from improved hydrocarbon output, drilling operations, and acquisitions specified arsenic Olo and Olo West Marginal fields.

Abiola Lukman Lawal

Annual salary: Undisclosed

Eterna Plc plays successful the downstream petroleum sector, focusing connected the refining, proviso and selling of petroleum products.

In 2024, Eterna’s gross roseate 71% year-on-year, with substance income accounting for N272.4 billion, lubricants income lasting astatine N39.2 billion,

Its outgo of income stood astatine N273.9 billion, portion organisation and selling expenses were N327 million.

Sayyu Dantata

Salary: Undisclosed

MRS engages successful the organisation and retail of petroleum products, specified arsenic aviation substance and diesel. It is besides a large distributor of Dangote Refinery petroleum products.

The company’s gross successful 2024 roseate 71.26% to N312.2 billion, portion its petrol income stood astatine N272.4 billion, gross nett astatine N23.9 billion, and operating nett astatine N9.6 billion. Its nett earlier taxation stood astatine N9.7 billion, and nett aft taxation roseate 60.8% to N6.5 billion, portion its full assets stood astatine N105 billion.

Oil companies study mouthwatering profits successful 2024 Credit: Bloomberg/Controbutor
Source: Getty Images

CBN releases wage for Cardoso, deputies, others successful 2024

Legit.ng earlier reported that the Central Bank of Nigeria (CBN) has announced that it spent N306.63 cardinal connected staff-related expenses successful 2024.

The magnitude represents an summation of much than 700% from the N37.7 cardinal recorded successful 2023, arsenic the CBN made important severance payouts nether a voluntary exit programme.

The figures were captured successful the apex bank's consolidated and abstracted fiscal statements for the twelvemonth ended 31 December 2024.

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Source: Legit.ng