MRS Oil Nigeria Plc. is a fully integrated and efficient player leading the downstream Nigerian Oil Industry. With our commitment to product reliability and excellence in service offerings. We have become the supplier of choice for our customers.
We are an organization continuously focused on improving our operational efficiency in all areas of the downstream sector where we currently operate. We have an excellent track record and an in-depth knowledge of the Nigerian downstream sector.
MRS Oil Nigeria Plc. is a fully integrated and efficient player leading the downstream Nigerian Oil Industry. With our commitment to product reliability and excellence in service offerings. We have become the supplier of choice for our customers.
We are an organization continuously focused on improving our operational efficiency in all areas of the downstream sector where we currently operate. We have an excellent track record and an in-depth knowledge of the Nigerian downstream sector.
Our Mission
“To be the preferred fuel marketer in the hearts and minds of the customers mostly recognized for the reliability, the quality, the cleanliness and the safety of the product and services offered.”
Our Vision
“To be the Leading Integrated African Energy Company, recognized for its People, Excellence and Values.”
Corporate Values
Integrity
We work with the highest level of integrity and within ethical considerations.
Respect
We offer respect to our clients, our employees, and our host countries. We train our people to become the best professionals.
Professionalism
We are committed to the training and development of our people to help them become the best professionals.
Fairness
We aim to be transparent to all stakeholders, both private and public.
Consistency
We are consistent in the application of our standards and procedures in our operations and service delivery
Excellence
Providing attractive and competitive total shareholder return to our shareholders.
History
Our History and Legacy
1964
The company started marketing petroleum products in Nigeria in 1913 under the brand name Texaco. This was then distributed exclusively by CFAO a French multinational retail company. In 1964, Texaco Africa Limited started direct marketing of Texaco products by selling through service stations and Kiosks acquired from CFAO, on lease terms. It also entered the aviation and bunkering business.
1978
On August 12, 1969, Texaco Nigeria Limited was incorporated as a wholly-owned subsidiary of Texaco Africa Limited, thus inheriting the business formerly carried out in Nigeria by Texaco Africa Limited. With the promulgation of the Nigeria Indigenization decree in 1978, 40% shares of Texaco Nigeria Limited were sold to Nigerian individuals and organizations by Texaco Petroleum company.
1990
In 1990, the Companies and Allied Matters Decree came into force and this necessitated the dropping of ‘Limited’ from the company’s corporate name to the prescribed ‘Public Limited Liability Company (PLC)' with its shares quoted on the Nigerian Stock Exchange.
2001
Following the creation of ChevronTexaco in 2001 from the merger between Chevron Corporation and former Texaco Inc., Texaco Nigeria Plc became an integral part of the new corporation. As ChevronTexaco considered the acquisition of the former UNOCAL, the board of ChevronTexaco decided to drop ‘Texaco’ and retain only Chevron as the new name of the enlarged corporation.
2006
At the beginning of the year 2009, in efforts to continue growing and expanding our business, MRS concluded a high-profile acquisition of the assets of Chevron Downstream in Nigeria flagging the Texaco brand. With this step, a very strong brand foundation with over 50 years of presence in the Nigerian market was inherited which led to the formation of MRS Oil Nigeria Plc.
2009
At the beginning of the year 2009, in efforts to continue growing and expanding our business, MRS concluded a high-profile acquisition of the assets of Chevron Downstream in Nigeria flagging the Texaco brand. With this step, a very strong brand foundation with over 50 years of presence in the Nigerian market was inherited which led to the formation of MRS Oil Nigeria Plc.
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1964
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1978
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1990
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2001
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2006
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2009
our leaders
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Board of Directors
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Management Team
Responsibility
Our Responsibility
We value the people that work with us and we care for the environment in our daily work.