Last updated: June 1, 2022, 3:30 p.m.
Data collected from Sonangol | Financial info from 2017

Created in 1976, Sonangol - National Fuel Society of Angola - is the exclusive licensee for exploration of oil and gas in the basement and on the continental shelf of Angola. Its activities span exploration, research, development, marketing, production, storage, transport and refining of hydrocarbons and their derivatives, and can be performed independently or in association with foreign companies.

The beginning

Oil exploration has been done in Angola since 1953; after independence to take on the mission of managing that extraordinary richness in order to transform it into development for the Angolan people, following the nationalization of Angol Sonangol was created according to modern market economy business models which, with efficiency and competitiveness, is capable of converting the resources obtained through its oil business into new development opportunities.

Through the years our company has grown and increased it's production of crude oil which led Angola to fit between the major producers of oil in sub-Saharan Africa which exports regularly, significant volumes to countries in Europe, America and Asia.


Sonangol operates with excellence in processes, offers quality in its products and services and is aware that health and well-being are fundamental to manage a daily oil production of high quality. We are an example of competence and trust, and a reference in Africa and worldwide, thus fulfilling the dual task of performing as an integrated company and acting as the driving force for exploration of oil resources in Angola.

We have a workforce of approximately 13,000 employees and we have our subsidiary companies and national and international partnerships to transform the largest natural wealth of Angola on creating opportunities, pride and welfare for more than 24 million Angolans. To ensure the continued growth of the organization and the country, Sonangol focuses on diversification of its activities.

For Sonangol generating oil richness is also an opportunity to value the human asset and open pathways to the growth of Angola. Based on the belief that creating value and do good are two inseparable realities, in addition to creating jobs and technology Sonangol's mission is also to promote sustainable development - expressed as support to social, environmental, cultural, scientific and sports projects.

Player Type
Qualified Investors
Net earnings
Main Listed Market
Free Float
Number of assets
Legal Domicile
Sebastião Martins

Sebastião Martins


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