Acquiring Company
Seplat Energy
Acquired Company
ExxonMobil
Lagos
TexasEnergyOil And GasRenewable EnergyWaterBiomass EnergyEnergyOil And GasRenewable EnergyDescription
Seplat Energy has successfully acquired ExxonMobil's Nigerian onshore and shallow water assets for $1.28 billion in 2024. This acquisition has substantially increased Seplat’s oil and gas footprint, transitioning the company towards being a gas-first producer. Following the acquisition, Seplat's gas output has witnessed a significant increase, underscoring its strategic shift. The move aligns with Seplat's ambition to enhance Nigeria's energy independence.
Don't miss Seplat Energy's next move
Get an email the moment Seplat Energy makes an acquisition, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired ExxonMobil?
ExxonMobil was acquired by Seplat Energy, based in Lagos. The deal was reported on August 24, 2026. Seplat Energy is a leading indigenous Nigerian independent oil and gas company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange and Nigerian Exchange. Seplat Energy is privately held and operates in Energy.
When did Seplat Energy acquire ExxonMobil?
Seplat Energy's acquisition of ExxonMobil was reported on August 24, 2026. Seplat Energy has successfully acquired ExxonMobil's Nigerian onshore and shallow water assets for $1.28 billion in 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ExxonMobil do?
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. It is publicly traded (XOM), operating in Energy, and is based in Texas.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.