Oil Company Salary Structure in Nigeria (2024)
Oil companies are among the highest paying companies and organizations in Nigeria. Its even said that they sometimes pay in Dollars (USD). The monthly salary scale paid to staff and workers in oil companies like Shell, Chevron, NNPC and co, runs into millions due to the kind of work they do.
oil companies in Nigeria
This post lists out all yearly salaries of major oil companies in Nigeria this 2024 after minimum wage was increased.
Shell Nigeria | ₦3,360,000 – ₦7,800,000 Per Annum
The Shell Petroleum Development Company of Nigeria (SPDC) known simply as Shell Nigeria is the Nigerian subsidiary of the Royal Dutch Shell. This company is the oil and largest oil explorer with about a total of 21% oil production in Nigeria. This company is the first to discover oil in Nigeria.
This company employs about 6000 workers with over 90% being Nigeria. The company’s entry level salary is between ₦3,360,000 – ₦7,800,000 per annum.
This company has subsidiary in Nigeria such as the Shell Nigeria Exploration and Production Company, Shell Nigeria Gas, Shell Nigeria on Oil products and the Nigerian Liquified Natural Gas.
Chevron Nigeria | ₦6,000,000 – ₦9,000,000 Per Annum
Chevron Nigeria is the third largest oil producer in Nigeria with a production capacity of 230,000 barrels of crude oil daily.
The Nigerian National Petroleum Corporation owns 60% of the venture with Chevron having 20% and Texaco having the remaining 20%.
The company’s entry level salary is between ₦6,000,000 – ₦9,000,000 per annum.
ExxonMobil | ₦6,000,000 – ₦10,000,000 Per Annum
Exxon Mobil Corporation came about as a result of a merger between Exxon, formerly known as the Standard Oil Company of New Jersey and Mobil, formerly known as the Standard Oil Company of New York.
This company is an American multinational oil and gas corporation with interest in crude oil, oil products, natural gas, petrochemicals and power generation.
This company is the second largest world’s company by revenue. ExxonMobil remains one of the world’s biggest oil company. Its subsidiary in Nigeria is the second largest producer of oil in the country.
ExxonMobil’s entry level salary is between ₦6,000,000 – ₦10,000,000 per annum.
Total E&P Nigeria | ₦7,000,000 – ₦12,000,000 Per Annum
In Nigeria, Total is the highest paying oil company. They pay their entry staff between ₦7,000,000 – ₦12,000,000 per annum.
This company parent company is Total S.A, a French multinational oil and gas company with business covering the entire oil and gas chain.
Total is one of the world’s seven super major oil companies. They are also into the manufacturing of chemicals.
Aiteo Eastern Exploration & Production Company Limited | ₦3,600,000 – ₦5,000,000 Per Annum
Aiteo Group is a global-focused Nigerian company with interest in oil and gas exploration and production, refining of petroleum products, petroleum storage, trading and marketing of the products.
The company has it foot in Nigeria, the United Kingdom, the United States, Brussels and Switzerland. This company remains one of the successful indigenous oil and gas in Nigeria.
The company’s entry level salary is between ₦3,600,000 – ₦5,000,000 per annum.
Schlumberger Nigeria | ₦3,600,000 – ₦6,000,000 Per Annum
Schlumberger Nigeria is a subsidiary of Schlumberger Limited, the world’s largest oilfield services company with about 4 principal executive offices located in London, Paris, Hague and Houston.
The company operates in more than 85 countries, employing about 100,000 people.
The company’s entry level salary is between ₦3,600,000 – ₦6,000,000 per annum.
Halliburton Nigeria | ₦3,600,000 – ₦4,500,000 Per Annum
Halliburton Nigeria is a subsidiary of Halliburton Company, one of the world’s largest oil field service companies.
This company operates in over 70 countries and employs about 55,000 people spread across the over 70 countries they operate.
Halliburton Nigeria is the Nigerian subsidiary of the multinational company.
Halliburton Nigeria pays it workers between ₦3,600,000 – ₦4,500,000 per annum.
Saipem Nigeria | ₦2,400,000 – ₦4,800,000 Per Annum
Saipem Nigeria is the Nigerian subsidiary of Saipem, an Italian company with interest in the oil and gas industry.
The head office of this company is located in Lagos while it operational base is in Port Harcourt.
Saipem Nigeria pays it workers ₦2,400,000 – ₦4,800,000 per annum.
Seplat Petroleum | ₦2,400,000 – ₦4,800,000 Per Annum
The Seplat Petroleum Development Company known simply as Seplat Petroleum is a Nigerian oil and gas company listed on both the London and Nigerian stock exchange.
The company’s entry level salary is between ₦2,400,000 – ₦4,800,000 per annum.
Oando Group | ₦1,800,000 – ₦4,800,000 Per Annum
Oando Group is an indigenous company with interest in oil and gas. This oil firm operates in upstream, downstream and midstream.
This company has over 320 retail outlets operations in Nigeria. It also has 7 storage terminals, 3 aviation terminals and 2 bitumen plants among others.
Oando Group pays it workers ₦1,800,000 – ₦4,800,000 per annum.
The above are the salary range of oil companies in Nigeria today.
