GOIL - Ghana Oil Company Limited
Ghana Oil Company Limited, popularly known as GOIL, is a Ghanaian oil and gas company. It was incorporated as a private limited liability company in June 1960 as AGIP Ghana Company Limited. The company changed its name to Ghana Oil Company Limited in 1976 subsequent to the Government of Ghana’s acquisition of the shares of AGIP SPA and Hydrocarbons Int. GOIL was eventually converted into a public company in 2007, followed by a comprehensive overhaul of the company’s brand and corporate culture in 2012. This brought about revamping of existing stations as well as the expansion of the number of service stations.
GOIL’s main business is the marketing and distribution of petroleum products in Ghana with the biggest chunk of its sales coming from the sale of diesel and gasoline. However, the energy company is actively seeking to move beyond the current frontiers to marketing and distribution of energy products in general.
Ghana Oil Company Limited is listed on the Ghana Stock Exchange (GSE) since November 16th, 2007. Ghana Oil is traded on the GSE under the ticker symbol “GOIL”. The International Securities Identification Number (ISIN) of GSE:GOIL is GH0000000722. Ghana Oil Company Limited is currently the 12th most valuable stock on the GSE with a market capitalization of GHS 647 million, which is about 0.982% of the Ghana Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
|Number of Deals|
|Growth & Valuation|
|Earnings Per Share||0.3245|
|Dividend Per Share||0.0560|
GOIL Stock Market Performance
The current share price of Ghana Oil Company Limited (GOIL) is GHS 1.65. GOIL closed its last trading day (Thursday, June 1, 2023) at 1.65 GHS per share on the Ghana Stock Exchange (GSE). Ghana Oil began the year with a share price of 1.72 GHS but has since lost 4.07% off that price valuation, ranking it 29th on the GSE in terms of year-to-date performance.
Ghana Oil Company is the 10th most traded stock on the Ghana Stock Exchange over the past three months (Feb 28 - Jun 1, 2023). GOIL has traded a total volume of 275,460 shares valued at GHS 452,283 over the period, with an average of 4,372 traded shares per session. A volume high of 93,543 was achieved on March 15th for the same period. The table below details the last 10 trading days of activity of Ghana Oil on the Ghana Stock Exchange.
Profile of Ghana Oil Company Limited
Ghana Oil Company Limited was founded on June 14, 1960 and operates in the Oil & Gas sector, specifically, the Oil Equipment & Services industry. The company is led by Patrick A. K. Akorli as its Group CEO & Managing Director. The company's board of directors, chaired by Kwamena Bartels, is composed of 10 members whose names are listed below.
- Bartels, Kwamena
- Akorli, Patrick A. K.
Group CEO & Managing Director
- Kusi-Appouh, Nana Ama
- Prempeh, Kwame Osei (Hon.)
- Prempeh, Beatrice Agyeman (Mrs.)
- Baafour-Gyimah, Rhoderline (Mrs.)
- Williams, Beauclerc Ato
- Tengan, Stephen
- Amankwah, Robert Owusu
- Manu, Thomas Kofi
Factsheet of Ghana Oil Company Limited
- Oil & Gas
- Oil Equipment & Services
- Hse. No. D 659/4, Junction of Kojo Thompson and Adjaben Roads, Tudu, Accra, Ghana
- +233-302-688-214, +233-302-688-215, +233-302-688-217
GOIL Industrial Market Competitors
Ghana Oil Company Limited, issuers of the GOIL stock on the Ghana Stock Exchange, have two market competitors who are also engaged in the Oil & Gas sector and/or Oil Equipment & Services industry. The table below presents an overview of their market standing.
|TOTAL||TotalEnergies Marketing Ghana||722M||6.45||+61.3%|
|TLW||Tullow Oil Plc||17.2B||11.92|