ABOUT US
Our Driving Forces
We are driven by our values and ethics to keep working towards our goal of serving the industry, the people, the environment and the world we live in.
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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.
We work with the highest level of integrity and within ethical considerations.
We offer respect to our clients, our employees, and our host countries. We train our people to become the best professionals.
We are committed to the training and development of our people to help them become the best professionals.
We aim to be transparent to all stakeholders, both private and public.
We are consistent in the application of our standards and procedures in our operations and service delivery.
Providing attractive and competitive total shareholder return to our shareholders.
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.
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.
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.
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.
Effective September 1, 2006, the company’s name changed from Texaco Nigeria Plc to Chevron Oil Nigeria Plc following a directive from Chevron Corporation’s headquarters to all affiliate companies designed to present a clear, strong, and unified presence of Chevron Corporation throughout the world.
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.
We value the people that work with us and we care for the environment in our daily work.