Seplat Energy's Earnings Surge to $1.1 Billion in Nine Months, Fueled by Mobil Acquisition

Seplat Energy Plc achieved a significant financial milestone with earnings hitting $1.1 billion in nine months, attributed to the acquisition of Mobil Producing Nigeria Unlimited assets. The company's EBITDA rose sharply by 190%, reaching $1.1 billion, showcasing a robust performance despite a 13% decrease in oil prices.

Seplat plans to invest $3 billion in Nigeria from 2026 to 2030, focusing on oil monetization projects. CEO Roger Brown announced ambitious growth plans to support shareholder returns and strengthen the company's position in the Nigerian oil and gas industry.