NNPC reported a revenue decline of N636 billion, totaling N4.335 trillion, a nearly 13% drop despite stable oil production. The company produced 1.73 million barrels of crude oil per day in May 2026 and made statutory payments of N4.858 trillion to the federal government.
NNPC reported a revenue drop of N636 billion to N4.34 trillion in May 2026, marking a nearly 13% decline. Despite stable crude oil production, operational challenges impacted earnings. The company also made statutory payments of N4.858 trillion to the federal government from Janu
NNPC Ltd reported solid financial and production gains for May 2026, with revenues of ₦4.335 billion and a profit after tax of ₦462 billion. Crude oil and natural gas output reached 1.73 million barrels per day and 7.774 million standard cubic feet per day, respectively.
