NNPC Reports N3.087 Trillion Revenue for July 2026

NNPC Limited released its financial and operational report for July 2026, reporting a revenue of N3.087 trillion and a profit after tax of N279 billion. The cumulative statutory payments from January to July 2026 totaled N7.913 trillion, an increase from N6.286 trillion recorded between January and June, indicating an addition of N1.627 trillion in July alone.

The report noted a decline in oil production to 1.68 million barrels of oil equivalent per day from 1.72 million in June and a peak of 1.73 million in May, attributed to operational challenges such as facility outages and equipment failures. NNPC plans to enhance production through preventive maintenance and improved export operations.

Natural gas production also decreased to 7,489 million standard cubic feet per day. The report highlighted 100% upstream pipeline availability for crude oil transportation and noted the completion of pre-commissioning activities on the River Crossing ahead of planned gas delivery in August 2026.