11 Plc

11 Plc (formerly Mobil Oil Plc) is a Nigerian company. It is the main distributor of Mobil fuel and lubricants in Nigeria. It has two natural gas plants in western Nigeria with future plans to invest in solar energy. The company sells Liquefied Petroleum Gas across 250 retail outlets.
Aside from the downstream petroleum sector, the company also invests in real estate, most notably the Lagos Continental Hotel.
History
In 2019, 11 Plc expanded its investment in real estate with the acquisition of the Lagos Continental Hotel. In 2024, 11 Plc increased its dividend from 850 kobo per share to 900 kobo per share, despite an economic downturn in Nigeria the previous year. In the same year, N3.2 billion was approved for payment as cash dividends to shareholders as the company's profits rose to N26.6 billion according to a company statement.
Alongside Total Energies and AA Rano, 11 Plc is a leader among petroleum companies purchasing dangote petrol from NNPC.

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