West Indies Oil Company Limited (WIOC)
Ranked # 26 – Businessuite Caribbean Power 100
Ranked #1 – Power 50 Eastern Caribbean
Gregory F Georges B.B.A.; CPA Chief Executive Officer
West Indies Oil Company Limited (WIOC) is a regional energy infrastructure and services provider, operating critical marine berthing, fuel storage, and energy distribution assets that support shipping, aviation, and commercial fuel markets. The company’s core business model is anchored in three strategic pillars: marine berths, subsea and underground pipelines, and storage facilities—assets that underpin its value proposition of reliable and efficient energy services.
For the 2024 financial year, WIOC reported earnings of $4.11 per share, reflecting resilient performance amid material operational constraints
During the period, ship calls declined by 23%, and available storage capacity fell by 16%, primarily due to major repairs at the Sea Island Jetty and the multi-buoy mooring berth, as well as maintenance affecting 288,000 barrels of storage capacity
Despite these headwinds, diversified revenue streams—including jet fuel services, throughput revenues, and strong demand from commercial diesel and bulk LPG customers—partially offset the shortfall
The company has prioritised capital investment to restore and optimise infrastructure, with a capital expenditure programme exceeding $32 million projected for 2025
WIOC maintains a stated dividend policy with a 67% payout ratio of earnings after tax, reinforcing its disciplined approach to shareholder returns while emphasising operating cost control
With long-term supply and storage partnerships in place and a clear focus on operational reliability, environmental stewardship, and stakeholder engagement, WIOC continues to demonstrate institutional resilience and disciplined execution within the Caribbean energy infrastructure landscape.
