• Tuesday, March 05, 2024
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BusinessDay

Petroleum products marketing companies employees decline by 7.2%

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The staff strength of the five an¬alysed petroleum products mar¬keting declined by 7 percent as shown by BusinessDay Research and Intelligent Unit (BRIU) us¬ing the company’s 2012 annual reports. The five analysed com¬panies which include Oando Plc, Total Nigeria Plc, Mobil Oil Nige¬ria Plc, MRS Oil Nigeria Plc, Forte Oil Plc, Conoil Plc and Eterna Plc had a total of 1,550 employees in 2012 compared to 1,670 employ¬ees in 2011. The 1,550 employees of the five ana¬lysed companies are not up to 1 percent of Nigeria labour force. This represents 47 percent of the 3301 employees of Shell Nigeria and 63 percent of 2,477 employees of Chevron Nigeria. Oando Plc occupied the first place with 601 employees, though the num¬ber of people on its employment list dropped by 0.7 percent in 2012 to 605 in 2011 and 3 times lesser than total number of ExxonMobil Producing employees.

The next in magnitude to Oando Plc is Total Nigeria plc with staff strength of 474. This represents 0.4 percent when compared with 472 employees in 2011. Conoil came third with 266 employees. MRS Oil Nigeria Plc occupied the fourth place with 109 in its employment while Mobil Oil Nigeria Plc had staff strength of 100.

Considering the multinational companies, just four which include Shell Nigeria, ExxonMobil, Chevron and Nigerian Agip Oil Company had a total of 8,433 employees on their employment list (expatriates are in¬cluded). Shell Nigeria accounted for 39 percent of the total employees of the four upstream companies analysed and have employees that is 2 times the total employees of ExxonMobil Nigeria.

Chevron Nigeria came second with 2,477 employees. This indicates 29 percent of the total employees of the four analysed upstream companies. It is 1.4 times higher than ExxonMobil total employees in 2012. ExxonMobil came third with 1,774 employees while Nigerian Agip Oil Company had 880 employees.