Société Nationale des Hydrocarbures

Stock performance

History

Société Nationale des Hydrocarbures was founded as Cameroon's state hydrocarbons company, tasked with managing the country's oil and gas resources on behalf of the government, and has remained the central institution overseeing Cameroon's petroleum sector since its founding.

Business model

Société Nationale des Hydrocarbures manages Cameroon's state interests in oil and gas production, marketing the country's share of petroleum output and overseeing revenue collection from foreign oil companies operating in Cameroonian waters and territory.

Market position

Société Nationale des Hydrocarbures holds a central position in Cameroon's oil and gas sector as the state's primary vehicle for managing hydrocarbons resources, working alongside international oil companies that hold production licenses.

Country impact

Société Nationale des Hydrocarbures is one of the most economically significant institutions in Cameroon, given that oil exports have historically been one of the country's largest sources of government revenue and foreign currency.