Mobil Oil 2016 Financial Summary

The company’s majority shareholder, ExxonMobil Corporation sold its 60% holding to Nipco investment Limited , wholly owned subsidiary of Nipco Plc.

12 Months Report MOBIL OIL PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	94,107,683	64,220,901	47%	December
Profit/Loss before taxation	12,019,892	6,906,322	74%
Profit/Loss for the period	8,154,293	4,872,929	67%
Issued Shares (Units)	360,595,261	360,595,261
Basic Earnings Per Shares (Kobo)	2261.00	1351.00	67%
Last total dividend paid (Kobo)	800.00	720.00	11%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #22,680,518                                                      Q1: #1,816,012

Q2: #27,577,485                                                      Q2: #2,600,132

Q3: #21,610,600                                                      Q3: #1,327,858

Q4: #22,239,080                                                      Q4: #2,410,291

Mobil Oil maintained an average of #23.5billion in terms of Revenue and #2.0billion in terms PAT. 2016 seems fine for most oil marketers especially the ones that are not caring huge debt burden as it been seen in the result of Total and MRS Oil.

It is worthy of note that EPS had grown from 856K in 2012 to 2261k in 2016 which represented a compounded annual growth rate (CAGR )of 1.27%  in the same vein the company had steadily being growing its dividend payment. From 500k in 2012 to 800k in 2016 at an annual growth rate of 1.12%.