Nigeria's Complete Energy Provider

We are Nigeria’s complete energy provider leveraging talent and technology in petroleum exploration and production, manufacturing and marketing of refined petroleum products.

Who we are

Conoil Plc is the first and largest indigenous oil marketing company in Nigeria. It began operations in 1927 under the name Shell Company of Nigeria (SCN) and later Shell Company of West Africa. It was incorporated as a private limited liability company in 1960 and registered with the Nigerian Stock Exchange (NSE) as a public liability company in 1989. Earlier in April 1975, the Federal Government of Nigeria acquired 60 percent shares of the company through the Nigerian National Petroleum Corporation (NNPC) and the company became known as National Oil and Chemical Marketing Company (NOLCHEM).

In the year 2000, the Federal Government, through the Bureau of Public Enterprises (BPE), bought 40 per cent issued ordinary shares of the company held by Shell Company of Nigeria (UK) Limited. Following the privatisation of the company, Conpetro Limited acquired 60 per cent of the issued shares and as a result of a rights issue made by the company in 2002, Conpetro now holds 74.4 per cent of the issued capital; while the Nigerian public holds the remaining 25.6 per cent.


Conoil is one of the most formidable names in Nigeria’s downstream industry, engaged in the marketing of refined petroleum products and also in the manufacturing and marketing of high-quality lubricants. The company is reputed for its unwavering commitment to excellent products and service delivery.

As the first indigenous oil marketing company in Nigeria, over the years, it has gained a unique understanding of research and quality control, which it continuously applies in all its businesses in order to offer the best propositions to customers.

It has also developed innovative means of manufacturing and distributing its products through its wide network of outlets.

It invests its financial and technical resources in the development of high-performance products and in the provision of services that match international standards, paying strict attention to the finest details of health, safety and environmental best practices.

As a marketer of first choice, Conoil is focused on attaining the greatest height in the downstream sector for the benefit of individual stakeholders and the society in general.


To remain the industry’s flagship, offering world-class products and services


To be Africa’s leading petroleum marketing company


The position of Conoil as a frontline player in the downstream petroleum industry has attracted to the company series of awards from reputable quarters in recognition of its managerial excellence, professional competence and best practices which have raised standards in the industry.

Conoil is reputed for maintaining an outstanding record of operational efficiency and introducing innovations that have changed the face of the downstream business in Nigeria. Also remarkable is the company’s penchant for introducing groundbreaking initiatives, as well as its commitment to world-class standards, sustainable growth, improved customer service delivery and consistent robust return on investment. Conoil’s excellence awards include:


As a responsible corporate citizen, Conoil responds responsibly to the yearnings and aspirations of the communities within which it operates. It invests and collaborates in projects that enhance the living standard of the general public and which promote national unity and socio-economic growth.

Protecting the health and safety of its employees, customers and neighbours is an essential constituent of its corporate philosophy. Its Health, Safety and Environment (HSE) policy emphasises the highest concern and commitment for the health and safety of all individuals and conservation of the environment. To meet its HSE objectives, it has in place a number of initiatives, which include customised training programmes, awareness campaigns, and safety and security audits.