Seplat Energy's EBITDA Reaches $1.1 Billion in 9 Months on Mobil Acquisition

Seplat Energy Plc (NGX: SEPLAT) achieved a significant milestone with EBITDA hitting $1.1 billion in 9 months, showcasing a robust financial performance largely attributed to the acquisition of Mobil assets in Nigeria. The company's revenue and gross profit also saw substantial growth despite a 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 expansion.