The West Indies Oil Company (WIOC) held its inaugural Annual General Meeting (AGM) since going public over two years ago, with CEO Gregory Georges assuring shareholders of their wise investment choice.
The AGM attracted numerous shareholders both in-person at the John E St. Luce Business Centre and virtually.
Since the government’s takeover in 2015, WIOC’s profits have shown steady growth, with a remarkable increase of over one million dollars between 2021 and 2022.
The company’s strategic decision to diversify into storage proved crucial during the pandemic, ensuring no layoffs or pay cuts.
Looking ahead, WIOC plans to invest in additional storage capacity and embrace renewable energy, while maintaining a strong focus on staff and safety.
Georges affirmed that renewables pose no existential threat but rather offer numerous possibilities for the company’s future growth.
