Dangote Refinery’s 2026 Revenue Run Rate Could Surpass SpaceX’s 2025 Revenue

Dangote Petroleum Refinery reported about $13.9 billion in revenue and $1.82 billion in profit after tax in the first half of 2026. If that performance is sustained for the rest of the year, its annual revenue could reach roughly $27.8 billion. This would exceed the approximately $18.7 billion in revenue reported by SpaceX for 2025. The comparison is based on an annualised estimate, not Dangote Refinery’s final 2026 revenue. The 650,000-barrel-per-day refinery also reported average utilisation of about 83.6% as commercial operations expanded.

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