ETERNA PLC
ETERNA 38.00 NGN 0.00 ( 0.00 %)
Open
38.00
High
0.00
Low
0.00
Close
38.00
Year High
48.70
Year Low
20.80
Volumn
80,968
Value
2,791,255.80
Company News
Eterna Plc posts 71% revenue growth
Fri, 15 Aug 2025 10:16:08 GMT — MSN
Eterna Plc posts 71% revenue growth MSN read more
Eterna Plc looking to increase its retail footprint as it clocks 30
Wed, 27 Aug 2025 20:29:27 GMT — businessamlive.com
Eterna Plc looking to increase its retail footprint as it clocks 30 businessamlive.com read more
Eterna Plc (ETERNA.ng) 2024 Annual Report
Tue, 01 Apr 2025 07:00:00 GMT — AfricanFinancials
Eterna Plc (ETERNA.ng) 2024 Annual Report AfricanFinancials read more
Eterna Plc Unaudited Financial Statements for the Period Ended June 30th, 2025
Wed, 06 Aug 2025 20:15:53 GMT — Proshare
Eterna Plc Unaudited Financial Statements for the Period Ended June 30th, 2025 Proshare read more
Eterna grows revenue by 71% to N313bn, returns to profitability
Fri, 25 Jul 2025 07:00:00 GMT — Businessday NG
Eterna grows revenue by 71% to N313bn, returns to profitability Businessday NG read more
Eterna Plc Slumps By 19% As Investors Sentiments Switch
Sun, 09 Mar 2025 08:00:00 GMT — MarketForces Africa
Eterna Plc Slumps By 19% As Investors Sentiments Switch MarketForces Africa read more
Eterna Plc records ₦1.6bn as pre-tax profit in H1’25
Mon, 04 Aug 2025 07:00:00 GMT — Vanguard News
Eterna Plc records ₦1.6bn as pre-tax profit in H1’25 Vanguard News read more
Eterna Plc Posts 71% Revenue Growth in 2024
Mon, 28 Jul 2025 07:00:00 GMT — Punch Newspapers
Eterna Plc Posts 71% Revenue Growth in 2024 Punch Newspapers read more
Eterna gets shareholder backing for N50 billion capital raise at AGM
Fri, 25 Jul 2025 07:00:00 GMT — Nairametrics
Eterna gets shareholder backing for N50 billion capital raise at AGM Nairametrics read more
Eterna Plc reports N1.6 billion Pre-tax profit in H1 2025
Mon, 04 Aug 2025 07:00:00 GMT — Premium Times Nigeria
Eterna Plc reports N1.6 billion Pre-tax profit in H1 2025 Premium Times Nigeria read more
Eterna Plc (ETERNA.ng) Q12025 Interim Report
Mon, 05 May 2025 07:00:00 GMT — AfricanFinancials
Eterna Plc (ETERNA.ng) Q12025 Interim Report AfricanFinancials read more
Eterna Plc returns to profitability after two-year losses
Wed, 13 Aug 2025 07:00:00 GMT — Businessday NG
Eterna Plc returns to profitability after two-year losses Businessday NG read more
Eterna Plc Gains 32% On Renew Interest In Oil Stock
Sat, 21 Dec 2024 08:00:00 GMT — MarketForces Africa
Eterna Plc Gains 32% On Renew Interest In Oil Stock MarketForces Africa read more
Eterna Plc Q1 2025 Unaudited Financial Statements for the Period Ended March 31st, 2025
Thu, 15 May 2025 13:13:36 GMT — Proshare
Eterna Plc Q1 2025 Unaudited Financial Statements for the Period Ended March 31st, 2025 Proshare read more
Eterna Plc reports N1.6bn H1 profit
Mon, 04 Aug 2025 07:00:00 GMT — Punch Newspapers
Eterna Plc reports N1.6bn H1 profit Punch Newspapers read more
Eterna Plc (ETERNA.ng) HY2025 Interim Report
Thu, 31 Jul 2025 07:00:00 GMT — AfricanFinancials
Eterna Plc (ETERNA.ng) HY2025 Interim Report AfricanFinancials read more
Eterna Plc. Shrinks By 10% As Investors Sentiments Dive
Mon, 24 Feb 2025 08:00:00 GMT — MarketForces Africa
Eterna Plc. Shrinks By 10% As Investors Sentiments Dive MarketForces Africa read more
Eterna Plc names Olumide Adeosun as new managing director
Thu, 16 Jan 2025 08:00:00 GMT — Businessday NG
Eterna Plc names Olumide Adeosun as new managing director Businessday NG read more
Eterna Plc announces Adeosun as CEO
Fri, 17 Jan 2025 08:00:00 GMT — Punch Newspapers
Eterna Plc announces Adeosun as CEO Punch Newspapers read more
Eterna reports N1.6b H1 profit
Mon, 04 Aug 2025 07:00:00 GMT — The Nation Newspaper
Eterna reports N1.6b H1 profit The Nation Newspaper read more
Eterna Plc beats Q1 2025 forecast with N1.4bn pre-tax profit amid zero FX loss
Thu, 01 May 2025 07:00:00 GMT — Nairametrics
Eterna Plc beats Q1 2025 forecast with N1.4bn pre-tax profit amid zero FX loss Nairametrics read more
Equities Investors Gain N505bn As BUA Foods, ETERNA Rally
Wed, 19 Feb 2025 08:00:00 GMT — MarketForces Africa
Equities Investors Gain N505bn As BUA Foods, ETERNA Rally MarketForces Africa read more
Nigeria strengthens aviation infrastructure with launch of 15 million-litre jet fuel depot
Tue, 15 Oct 2024 07:00:00 GMT — Business Insider Africa
Nigeria strengthens aviation infrastructure with launch of 15 million-litre jet fuel depot Business Insider Africa read more
Eterna PLC’s MD/CEO, Olumide Adeosun, Highlights Future Investment Opportunities in Nigeria’s Downstream Energy Sector at NIES 2025 – - Energy Focus Repor
Fri, 28 Feb 2025 08:00:00 GMT — Energy Focus Report
Eterna PLC’s MD/CEO, Olumide Adeosun, Highlights Future Investment Opportunities in Nigeria’s Downstream Energy Sector at NIES 2025 – Energy Focus Report Energy Focus Report read more
Eterna Plc revenue surge by 71% in 2024
Mon, 28 Jul 2025 07:00:00 GMT — Premium Times Nigeria
Eterna Plc revenue surge by 71% in 2024 Premium Times Nigeria read more
Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM
Mon, 28 Jul 2025 07:00:00 GMT — Channels Television
Eterna Plc Reports 71% Revenue Growth, Ratifies New Leadership At 32nd AGM Channels Television read more
Eterna secures shareholders’ nod to raise N50b for expansion
Fri, 01 Aug 2025 07:00:00 GMT — The Guardian Nigeria News
Eterna secures shareholders’ nod to raise N50b for expansion The Guardian Nigeria News read more
Eterna Plc Appoints Aliu Kamiyo as CFO as Abudukerimu Sule Resigns
Sun, 05 Jan 2025 15:01:15 GMT — Proshare
Eterna Plc Appoints Aliu Kamiyo as CFO as Abudukerimu Sule Resigns Proshare read more
Eterna Plc Appoints Olumide Adeosun as New Managing Director
Sat, 18 Jan 2025 08:00:00 GMT — Techeconomy
Eterna Plc Appoints Olumide Adeosun as New Managing Director Techeconomy read more
Eterna Names Olumide Adeosun CEO As Lawal Resigns
Thu, 16 Jan 2025 08:00:00 GMT — MarketForces Africa
Eterna Names Olumide Adeosun CEO As Lawal Resigns MarketForces Africa read more
Highlights of Total, Conoil, MRS, Eterna’s nine-month financials
Mon, 06 Jan 2025 08:00:00 GMT — Businessday NG
Highlights of Total, Conoil, MRS, Eterna’s nine-month financials Businessday NG read more
Eterna Plc maintains profitability, reports N1.6 billion Pre-tax Profit in H1 2025
Mon, 04 Aug 2025 07:00:00 GMT — Nairametrics
Eterna Plc maintains profitability, reports N1.6 billion Pre-tax Profit in H1 2025 Nairametrics read more
Eterna Plc projects return to profitability after N12 billion loss in 2023
Mon, 09 Sep 2024 07:00:00 GMT — Businessday NG
Eterna Plc projects return to profitability after N12 billion loss in 2023 Businessday NG read more
Eterna Plc names Olumide Adeosun as new MD/CEO, reveals start date
Thu, 16 Jan 2025 08:00:00 GMT — Nairametrics
Eterna Plc names Olumide Adeosun as new MD/CEO, reveals start date Nairametrics read more
Eterna Plc gains over 60% in February, shatters N40 mark following positive events
Wed, 12 Feb 2025 08:00:00 GMT — Nairametrics
Eterna Plc gains over 60% in February, shatters N40 mark following positive events Nairametrics read more
Eterna, Ikeja Hotel, Honeywell, others push NGX up by 0.68%
Tue, 11 Feb 2025 08:00:00 GMT — Businessday NG
Eterna, Ikeja Hotel, Honeywell, others push NGX up by 0.68% Businessday NG read more
Eterna Plc unveils Adeosun as new MD/CEO
Fri, 17 Jan 2025 08:00:00 GMT — The Guardian Nigeria News
Eterna Plc unveils Adeosun as new MD/CEO The Guardian Nigeria News read more
Eternal Oil Declares N1.4bn Pre-Tax Profit In Q1 2025
Thu, 01 May 2025 07:00:00 GMT — Channels Television
Eternal Oil Declares N1.4bn Pre-Tax Profit In Q1 2025 Channels Television read more
Eterna Plc begins ‘Into-Plane’ JET A1 operations
Tue, 22 Oct 2024 07:00:00 GMT — The Nation Newspaper
Eterna Plc begins ‘Into-Plane’ JET A1 operations The Nation Newspaper read more
Eterna, Cadbury lead as investors gain N66bn
Fri, 07 Feb 2025 08:00:00 GMT — Punch Newspapers
Eterna, Cadbury lead as investors gain N66bn Punch Newspapers read more
ETERNA OIL Plc slips below 37wks low, as investors remain pessimistic
Thu, 05 Dec 2024 20:40:55 GMT — Proshare
ETERNA OIL Plc slips below 37wks low, as investors remain pessimistic Proshare read more
Eterna Plc Appoints Abiola Lawal as new Managing Director/Chief Executive Officer
Tue, 19 Nov 2024 09:21:29 GMT — Proshare
Eterna Plc Appoints Abiola Lawal as new Managing Director/Chief Executive Officer Proshare read more
Lawal, MD/CEO of Eterna PLC receives award at BusinessDay Top 25 CEOs 2024
Wed, 02 Oct 2024 07:00:00 GMT — Businessday NG
Lawal, MD/CEO of Eterna PLC receives award at BusinessDay Top 25 CEOs 2024 Businessday NG read more
Oil firms’ profit jumps 94% on subsidy removal
Mon, 16 Dec 2024 08:00:00 GMT — Businessday NG
Oil firms’ profit jumps 94% on subsidy removal Businessday NG read more
Eterna appoints Adeosun MD
Mon, 20 Jan 2025 08:00:00 GMT — The Nation Newspaper
Eterna appoints Adeosun MD The Nation Newspaper read more
Eterna grows revenue by 71% to N313bn, returns to profitability
Wed, 09 Apr 2025 07:00:00 GMT — Champion Newspapers LTD
Eterna grows revenue by 71% to N313bn, returns to profitability Champion Newspapers LTD read more
FBN Holdings, Eterna, Cadbury, others push NGX-ASI higher by 0.51%
Wed, 05 Feb 2025 08:00:00 GMT — Businessday NG
FBN Holdings, Eterna, Cadbury, others push NGX-ASI higher by 0.51% Businessday NG read more
Eterna begins direct JetA1 supply at Lagos airport
Mon, 21 Oct 2024 07:00:00 GMT — Punch Newspapers
Eterna begins direct JetA1 supply at Lagos airport Punch Newspapers read more
Oando, Eterna Gain Weight as Investors’ Keep Eyes on Oil Stocks
Mon, 09 Sep 2024 07:00:00 GMT — MarketForces Africa
Oando, Eterna Gain Weight as Investors’ Keep Eyes on Oil Stocks MarketForces Africa read more
Eterna Plc announces Adeosun as new MD/CEO
Fri, 17 Jan 2025 08:00:00 GMT — Champion Newspapers LTD
Eterna Plc announces Adeosun as new MD/CEO Champion Newspapers LTD read more
Eterna’s Revenue Jumps 71% to N313.6bn, Firm Ratifies New Leadership
Tue, 29 Jul 2025 07:00:00 GMT — thisdaylive
Eterna’s Revenue Jumps 71% to N313.6bn, Firm Ratifies New Leadership thisdaylive read more
Falling petrol prices seen threatening oil and gas stocks
Mon, 17 Mar 2025 07:00:00 GMT — Businessday NG
Falling petrol prices seen threatening oil and gas stocks Businessday NG read more
Eterna Plc Appoint Mr David Edet as Company Secretary / Legal Adviser
Wed, 11 Sep 2024 05:27:59 GMT — Proshare
Eterna Plc Appoint Mr David Edet as Company Secretary / Legal Adviser Proshare read more
Eterna receives regulatory approval, begins Jet-A1 fuel operations at Lagos airport
Mon, 21 Oct 2024 07:00:00 GMT — The Guardian Nigeria News
Eterna receives regulatory approval, begins Jet-A1 fuel operations at Lagos airport The Guardian Nigeria News read more
Eterna, Masters Energy, others commission Nigeria’s largest airside jet fuel depot
Sat, 19 Oct 2024 07:00:00 GMT — Vanguard News
Eterna, Masters Energy, others commission Nigeria’s largest airside jet fuel depot Vanguard News read more
Consortium of Energy Operators to Commission Nigeria’s Largest Jet Fuel Depot
Fri, 11 Oct 2024 07:00:00 GMT — thisdaylive
Consortium of Energy Operators to Commission Nigeria’s Largest Jet Fuel Depot thisdaylive read more
Weekly Market Wrap: Nigerian stock market soars 1.76% as All-Share surpasses N61 trillion, MRS Oil and ETERNA PLC lead gains
Sat, 21 Dec 2024 08:00:00 GMT — Nairametrics
Weekly Market Wrap: Nigerian stock market soars 1.76% as All-Share surpasses N61 trillion, MRS Oil and ETERNA PLC lead gains Nairametrics read more
Eterna Plc (ETERNA.ng) 2023 Annual Report
Tue, 02 Apr 2024 07:00:00 GMT — AfricanFinancials
Eterna Plc (ETERNA.ng) 2023 Annual Report AfricanFinancials read more
UPDC, ETERNA, INTENEGINS, CADBURY, others top stocks to watch this week
Mon, 10 Feb 2025 08:00:00 GMT — Ripples Nigeria
UPDC, ETERNA, INTENEGINS, CADBURY, others top stocks to watch this week Ripples Nigeria read more
Six stocks pick over 83% YTD gains as market cap soars by N4.4tr
Tue, 18 Feb 2025 08:00:00 GMT — The Guardian Nigeria News
Six stocks pick over 83% YTD gains as market cap soars by N4.4tr The Guardian Nigeria News read more
Eterna Plc (Nigeria) – Completion of mandatory takeover of 1.3mn shares by Preline Ltd
Thu, 03 Nov 2022 07:00:00 GMT — AfricanFinancials
Eterna Plc (Nigeria) – Completion of mandatory takeover of 1.3mn shares by Preline Ltd AfricanFinancials read more
Eterna Plc Becomes an Official Domestic Sales Distributor of Dangote Petroleum Refinery
Wed, 24 Apr 2024 22:51:43 GMT — Proshare
Eterna Plc Becomes an Official Domestic Sales Distributor of Dangote Petroleum Refinery Proshare read more
Seven firms project N59bn profit jump in Q1 2025
Tue, 17 Dec 2024 08:00:00 GMT — Businessday NG
Seven firms project N59bn profit jump in Q1 2025 Businessday NG read more
Eterna Plc, Abiola Lukman Lawal
Wed, 16 Oct 2024 07:00:00 GMT — The Guardian Nigeria News
Eterna Plc, Abiola Lukman Lawal The Guardian Nigeria News read more
Eterna Plc to become official distributor of Dangote refinery products
Sat, 20 Jan 2024 08:00:00 GMT — african markets
Eterna Plc to become official distributor of Dangote refinery products african markets read more
Eterna Plc Share Price Remains Flat, Three Days After Announcing N10bn Capital Raise
Wed, 10 Apr 2024 23:46:29 GMT — Proshare
Eterna Plc Share Price Remains Flat, Three Days After Announcing N10bn Capital Raise Proshare read more
Rainoil acquires majority stake in Eterna plc
Fri, 05 Nov 2021 07:00:00 GMT — Businessday NG
Rainoil acquires majority stake in Eterna plc Businessday NG read more
Eterna Plc ratifies Abiola Lawal as MD/CEO, eyes bigger market share
Wed, 26 Jun 2024 07:00:00 GMT — Businessday NG
Eterna Plc ratifies Abiola Lawal as MD/CEO, eyes bigger market share Businessday NG read more
Eterna’s cash from operations turns negative for first time in 4 years
Thu, 21 Mar 2024 07:00:00 GMT — Businessday NG
Eterna’s cash from operations turns negative for first time in 4 years Businessday NG read more
Eterna Plc (Nigeria) appoints Mr. Benjamin Nwaezeigwe as Managing Director/CEO
Fri, 12 Aug 2022 07:00:00 GMT — AfricanFinancials
Eterna Plc (Nigeria) appoints Mr. Benjamin Nwaezeigwe as Managing Director/CEO AfricanFinancials read more
Eterna Releases Earnings Forecast For Q1-2024
Thu, 07 Dec 2023 08:00:00 GMT — MarketForces Africa
Eterna Releases Earnings Forecast For Q1-2024 MarketForces Africa read more
Eterna Plc (Nigeria) declares a final dividend of 0.15 NGN per share
Thu, 13 Apr 2023 07:00:00 GMT — AfricanFinancials
Eterna Plc (Nigeria) declares a final dividend of 0.15 NGN per share AfricanFinancials read more
Eterna Plc Records N4.1 billion gross profit for half year 2022
Wed, 10 Aug 2022 07:00:00 GMT — Businessday NG
Eterna Plc Records N4.1 billion gross profit for half year 2022 Businessday NG read more
Rainoil acquires majority stake in Eterna Plc
Thu, 04 Nov 2021 07:00:00 GMT — Vanguard News
Rainoil acquires majority stake in Eterna Plc Vanguard News read more
Despite losses and missing Q2 forecast, Eterna Oil’s share price continues to rise
Wed, 28 Aug 2024 07:00:00 GMT — Nairametrics
Despite losses and missing Q2 forecast, Eterna Oil’s share price continues to rise Nairametrics read more
Eterna Plc Appoints Lawal As New Managing Director/Chief Executive Officer
Mon, 08 Apr 2024 07:00:00 GMT — Channels Television
Eterna Plc Appoints Lawal As New Managing Director/Chief Executive Officer Channels Television read more
Preline Limited launches takeover bid for Eterna Plc
Wed, 20 Apr 2022 07:00:00 GMT — The ICIR
Preline Limited launches takeover bid for Eterna Plc The ICIR read more
Shareholders laud Eterna over 2022 performance -
Tue, 17 Jan 2023 08:00:00 GMT — Businessday NG
Shareholders laud Eterna over 2022 performance - Businessday NG read more
Eterna Plc appoints new CFO
Fri, 19 Jan 2024 08:00:00 GMT — Punch Newspapers
Eterna Plc appoints new CFO Punch Newspapers read more
Eterna Plc Appoints Abiola Lawal as New Managing Director/Chief Executive Officer
Mon, 08 Apr 2024 07:00:00 GMT — Energy Focus Report
Eterna Plc Appoints Abiola Lawal as New Managing Director/Chief Executive Officer Energy Focus Report read more
Eterna Plc Assures Shareholders At AGM Ratifies Abiola Lawal As MD/CEO
Thu, 27 Jun 2024 07:00:00 GMT — Majorwaves Energy Report
Eterna Plc Assures Shareholders At AGM Ratifies Abiola Lawal As MD/CEO Majorwaves Energy Report read more
Rainoil completes acquisition of major stake in Eterna Plc
Wed, 03 Nov 2021 07:00:00 GMT — TheCable
Rainoil completes acquisition of major stake in Eterna Plc TheCable read more
Eterna Plc FY 2020 Report: Falling Revenue with Forced Profit
Fri, 26 Aug 2022 09:55:00 GMT — Proshare
Eterna Plc FY 2020 Report: Falling Revenue with Forced Profit Proshare read more
Eterna Plc announces mandatory takeover of 1.3 million shares by Preline Limited
Wed, 20 Apr 2022 07:00:00 GMT — Nairametrics
Eterna Plc announces mandatory takeover of 1.3 million shares by Preline Limited Nairametrics read more
Eterna Plc (Nigeria) appoints Mr. Benjamin Nwaezeigwe as the Acting CEO
Tue, 19 Apr 2022 07:00:00 GMT — AfricanFinancials
Eterna Plc (Nigeria) appoints Mr. Benjamin Nwaezeigwe as the Acting CEO AfricanFinancials read more
Eterna Plc plans LPG investment, to Grow Its Retail Footprints -
Tue, 21 Jun 2022 07:00:00 GMT — Businessday NG
Eterna Plc plans LPG investment, to Grow Its Retail Footprints - Businessday NG read more
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer
Fri, 19 Jul 2024 07:00:00 GMT — Nairametrics
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer Nairametrics read more
Eterna blames N9bn Loss on forex crisis
Thu, 27 Jun 2024 07:00:00 GMT — Punch Newspapers
Eterna blames N9bn Loss on forex crisis Punch Newspapers read more
Eterna Plc Assures Shareholders at AGM Ratifies Abiola Lawal as MD/CEO
Wed, 26 Jun 2024 07:00:00 GMT — Energy Focus Report
Eterna Plc Assures Shareholders at AGM Ratifies Abiola Lawal as MD/CEO Energy Focus Report read more
Rainoil completes acquisition of majority share in Eterna
Tue, 02 Nov 2021 07:00:00 GMT — Businessday NG
Rainoil completes acquisition of majority share in Eterna Businessday NG read more
Eterna appoints Abiola Lawal as new MD/CEO
Mon, 08 Apr 2024 07:00:00 GMT — Businessday NG
Eterna appoints Abiola Lawal as new MD/CEO Businessday NG read more
Preline Limited acquires 60.98% stake in Eterna Plc at yet to be disclosed amount
Wed, 25 Aug 2021 07:00:00 GMT — Businessday NG
Preline Limited acquires 60.98% stake in Eterna Plc at yet to be disclosed amount Businessday NG read more
Preline Limited completes takeover of 1.3 million shares in Eterna Plc
Tue, 01 Nov 2022 07:00:00 GMT — Nairametrics
Preline Limited completes takeover of 1.3 million shares in Eterna Plc Nairametrics read more
Eterna Plc to grow retail footprints, promises good shareholder returns
Sun, 03 Jul 2022 07:00:00 GMT — Punch Newspapers
Eterna Plc to grow retail footprints, promises good shareholder returns Punch Newspapers read more
Eterna leads other stocks fueling rally on Nigerian Exchange
Mon, 25 Apr 2022 07:00:00 GMT — Businessday NG
Eterna leads other stocks fueling rally on Nigerian Exchange Businessday NG read more
Eterna Plc to Hold 29th Annual General Meeting on June 16, 2022
Thu, 16 Jun 2022 07:00:00 GMT — Proshare
Eterna Plc to Hold 29th Annual General Meeting on June 16, 2022 Proshare read more
Eterna Plc Notifies of Conclusion of Divestment as Preline Limited Acquires 60.98% Stake
Mon, 15 Aug 2022 17:18:48 GMT — Proshare
Eterna Plc Notifies of Conclusion of Divestment as Preline Limited Acquires 60.98% Stake Proshare read more
Q1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses
Thu, 02 May 2024 07:00:00 GMT — Nairametrics
Q1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses Nairametrics read more
Fuel marketer, Eterna posts N9.33bn loss despite revenue increase
Fri, 16 Feb 2024 08:00:00 GMT — Businessday NG
Fuel marketer, Eterna posts N9.33bn loss despite revenue increase Businessday NG read more
Eterna: Why we’re expanding as oil majors sell downstream arm
Fri, 05 Apr 2024 23:49:26 GMT — TheCable
Eterna: Why we’re expanding as oil majors sell downstream arm TheCable read more