THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

CHEVRON OIL NIGERIA PLC

 

 

1. Head Office:

  8, Macarthy Street,

  P. O. Box 166, Lagos.

  Tel: 234-01-4614500; Fax: 234-01-4614602.

 

2. Nature of Business:

Marketing and Distribution of Refined Petroleum Products, Blending of Lubricants, and Manufacturing of Greases and Petroleum Jelly.

 

3. Date of Incorporation:

  1969

 

4. Date Listed on The Exchange:

  8th December, 1978

 

5. NSE Classification:

  Petroleum (Marketing)

 

6. Board of Directors:

  Mr. W. Klahs (Chairman)

  Mr. Reuben R. Halfhuid (MD/CEO)

  Mr. O. T. Adelekan

  Mr. J. Passmore

  Chief S. C. Ezendu

  Mr. G. M. Desamours

  Mr. F. Saeed

  Mr. O. M. Cardoso

  Dr. S. Kewa

  Mrs. D.U. Ufot

 

7. Company Secretary:

  Oluwakemi M. Jafojo (Mrs.)

 

 

 

8. Auditors:

  PricewaterhouseCoopers

  (Chartered Acountants)

  252E Muri Okunola Street

  Victoria Island, Lagos.

 

9. Company Registrars:

  City Securities (Registars) Limited,

  Primrose Towers,

  17a, Tinubu Street, Lagos.

  Tel: 234-01-2665944 - 53

 

10. Subsidiaries/Associates:

  None

 

11. End of Accounting Year

  31st December

 

12. Number of Employees

  257

 

13. Capital Structure

  i.  Authorised:          N135,828,615.00

  ii.  Paid-Up               N126,994,000.00

 

14. Analysis of Shareholding

  Nigerian Citizens and Associations     - 40%

  Chevron Corporation, USA      - 60%

 

 

FIVE-YEAR FINANCIAL SUMMARY

 

CAPITAL

EMPLOYED                                         2007          2006          2005          2004          2003

                                                         N000          N000          N000          N000          N000

FINANCIAL RESULTS

Turnover                                     72,628,103  65,914,443  51,942,270  42,391,492  32,679,321

                                                   ------------     ------------     ------------     ------------     ------------

Gross profit                                 7,687,738    5,795,841    5,150,525    4,291,440    4,055,779

Net operating expenses                 (4,43,361)  (4,052,716)  (3,508,697)  (3,268,340)  (3,601,721)

                                                   ------------     ------------     ------------     ------------     ------------

Operating profit                            2,744,377    1,743,125    1,641,828    1,023,101      454,058

Finance income                               250,539      109,227      138,075      291,314      267,100

Profit before tax                           2,994,916    1,852,352    1,779,903    1,314,415      721,158

Tax expenses                             (1,035,602)    (539,705)    (734,277)    (489,969)    (270,769)

                                                   ------------     ------------     ------------     ------------     ------------

Profit for the year                         1,959,314    1,312,647    1,045,626      824,446      450,389

                                                   =======      ======      ======      ======    =======

Earnings per share (Naira)                      7.71           5.17           4.12           3.25           1.77

                                                   =======      ======      ======      ======    =======

Dividends per share (Naira)                    7.50           5.12           4.10           3.00                -

                                                   =======      ======      ======      ======    =======

 

FINANCIAL POSITION

Capital employed:

Share capital                                   126,994      126,994      126,994      126,994        90,710

Retained earnings                          3,918,361    3,259,465    1,946,818    1,942,546    1,916,353

                                                   ------------     ------------     ------------     ------------     ------------

Shareholder’s funds                       4,045,355    3,386,459    3,115,166    2,831,506    2,007,063

                                                   =======      ======      ======      ======    =======

 

REPRESENTED BY:

Property, plant and equipment        3,987,344    3,951,386    3,620,662    3,219,636    2,600,906

Current assets                             16,949,231  13,224,868  10,651,659  13,117,811  10,339,438   

Current liabilities                       (15,523,800) (12,708,245) (10,109,139) (12,762,765) (10,242,447)

Non current liabilities                   (1,367,420)  (1,081,550)  (1,048,016)    (743,176)    (690,834)

                                                   ------------     ------------     ------------     ------------     ------------

Net assets                                    4,045,355    3,386,459    3,115,166    2,831,506    2,007,063

                                                   =======      ======      ======      ======    =======

Net assets per share (Naira)                  15.93         13.33         12.45           8.15           7.90

                                                   =======      ======      ======      ======    =======

 

                  

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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