NNPC Reports $4.2 Billion Profit in 2025, Highlights Oil and Gas Operations

The Nigerian National Petroleum Corporation (NNPC) has disclosed its financial performance for 2025, revealing a $4.2 billion after-tax profit. The report outlines the company's operations in the upstream and downstream gas sectors, with total revenue for the year reaching 60.517 trillion.

NNPC made statutory payments to government agencies and joint venture partners amounting to 14.706 trillion. In 2025, Nigeria recorded an average crude oil and condensate production of 1.62 million barrels per day (bpd), which slightly declined in December due to maintenance activities.

NNPC's revenue for the month reached 4.824 trillion. The company also reported steady performance in the natural gas supply sector, achieving improvements in product availability at Nigerian refineries and limiting fuel station shortages.

Notable achievements include a 65% availability of premium motor spirit (petrol) in December. NNPC highlighted the completion of key infrastructure projects such as the pipeline system and the progress made in the Obiafu-Obrikom gas pipeline project.