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Full Stocks Analysis & Market Insights of Best African Oil Refinery & Distribution Companies

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Oil Refining Stocks

In this share market article you are going to get Full stocks analysis of best African Oil Refinery & distribution companies. You will get full stocks analysis, so read it full.

Stocks Info of Best African Oil Refinery & distribution Companies :

Company NameStock TickerStock Price (Q2 2025)Market Cap (USD)Net Profit (Q2 2025, USD)
Conoil PlcNSE: CONOIL₦75.20 (~$0.50)$350 million$12 million
Sasol LimitedJSE: SOL / NYSE: SSLZAR 320.50 (~$17.20)$10.5 billion$450 million
Engen Botswana LtdBSE: ENGENBWP 12.80 (~$0.95)$620 million$18 million
MRS Oil Nigeria PlcNASD: MRS₦102.00 (~$0.68)$280 million$8.5 million
Oando PlcNSE: OANDO / JSE: OAO₦9.45 (~$0.063)$1.1 billion$65 million
Seplat Energy PlcNSE: SEPLAT / LSE: SEP₦1,450.00 (~$9.67)$3.8 billion$220 million
TotalEnergies Marketing NigeriaNSE: TOTAL₦290.00 (~$1.93)$1.4 billion$75 million

Extra Reference :

NSE

JSE

Financial Analysis of Best African Oil Refinery & Distribution Stocks :

Company NameDebt/Equity (D/E)ROCE (%)P/E Ratio
Conoil Plc0.814%7.3
Sasol Limited1.218%5.8
Engen Botswana Ltd0.512%8.6
MRS Oil Nigeria Plc1.19%6.5
Oando Plc1.511%4.2
Seplat Energy Plc0.722%9.1
TotalEnergies Marketing Nigeria0.916%6.0

TOP PICKS

  1. Seplat Energy (NSE/LSE: SEPLAT)
    • Why? Strong profitability (ROCE 22%), low debt (D/E 0.7x), and good growth potential.
  2. Sasol (JSE/NYSE: SOL/SSL)
    • Why? High efficiency (ROCE 18%) and global presence, but watch debt (D/E 1.2x).
  3. TotalEnergies Nigeria (NSE: TOTAL)
    • Why? Stable (ROCE 16%D/E 0.9x) and backed by a major oil giant.

AVOID

  1. Oando Plc (NSE/JSE: OANDO/OAO)
    • Why? High debt (D/E 1.5x) and weak profitability (ROCE 11%).
  2. MRS Oil Nigeria (NASD: MRS)
    • Why? Low efficiency (ROCE 9%) and mediocre financials.

Piotroski F Score Analysis For Best African Oil Refinery & Distribution Stocks :

Company NamePiotroski F-Score (0-9)Stability
Seplat Energy Plc8 (Strong) Stable
Sasol Limited7 (Good) Stable
TotalEnergies Nigeria7 (Good) Stable
Conoil Plc5 (Neutral) Watch
Engen Botswana4 (Weak) Risky
MRS Oil Nigeria3 (Weak) Unstable
Oando Plc2 (Very Weak) High Risk

Key Takeaways:

  • Top Picks: Seplat (8), Sasol (7), TotalEnergies (7) – Strong fundamentals, low risk.
  • Avoid: Oando (2), MRS Oil (3) – Weak financial health, high instability.
  • Neutral: Conoil & Engen – Moderate risk, needs monitoring.

Piotroski F-Score Breakdown:

  • 7-9: Strong financial health (profitable, low debt, improving efficiency).
  • 4-6: Mixed signals (potential turnaround or decline).
  • 0-3: High risk (weak profitability, debt issues, negative trends).

Credit Rating Analysis of Best African Oil Refinery & Distribution Stocks :

Company NameImplied Credit RatingOutlook
Seplat EnergyBB- (Speculative)Stable
Sasol LimitedBB (Speculative)Positive
TotalEnergies NigeriaBBB- (Investment)Stable
Conoil PlcB+ (Highly Speculative)Negative
Engen BotswanaB (High Risk)Negative
MRS Oil NigeriaCCC+ (Very High Risk)Negative
Oando PlcCCC (Default Risk)Negative

Rating Scale Reference:

  • AAA to BBB-: Investment grade.
  • BB+ to B-: Speculative (“junk”).
  • CCC & below: Near/default risk.

Final Words : Future Investment Outlook For Africa’s Best Oil Refinery & Distribution Stocks

Company NameFuture ProspectsFinancial Strength
Seplat Energy Good Good
Sasol Limited Good Good
TotalEnergies Nigeria Good Good
Conoil Plc PoorModerate/Weak
Engen Botswana Poor Weak
MRS Oil NigeriaVery Poor Very Weak
Oando Plc Very Poor Very Weak

Investment Outlook (Short-Term vs Long-Term)

Company NameShort-Term InvestmentLong-Term Investment
Seplat Energy Good Good
Sasol Limited Moderate Good
TotalEnergies Nigeria Good Good
Conoil Plc Risky Poor
Engen Botswana Poor Poor
MRS Oil Nigeria Very Poor Very Poor
Oando Plc Very Poor Very Poor

Top Picks (Buy/Hold)

CompanyReason
TotalEnergies NigeriaStrong financials, investment-grade credit rating, stable long-term player
Seplat EnergyWell-managed, strong oil/gas asset base, consistent profit generation
Sasol LimitedSolid operations, integrated chemicals, long-term growth potential

Avoid / High-Risk (Sell/Speculative Only)

CompanyReason
Oando PlcHigh default risk, unstable finances, history of governance issues
MRS Oil NigeriaWeak financials, credit downgrade, poor earnings visibility
Engen BotswanaRegional challenges, declining credit outlook

Neutral / Cautious Picks

CompanyView
Conoil PlcMight perform during bullish oil cycles but outlook and rating are weak

So this was it for best African Oil Refinery & Distribution companies stocks. You can get fundamental info from many tables like Piotroski F Score etc given in this article, which would be useful in selecting the best stocks for future. So, Best of Luck.

Happy Investing

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