The Nigerian National Petroleum Company (NNPC) Limited reported revenue of N60.5 trillion and profit after tax of N5.76 trillion for the 2025 financial year.
The NNPC Ltd, in its December 2025 monthly report summary, highlighted key figures, including crude oil and condensate production, natural gas output, revenue, PAT, and strategic initiatives during the period under review.
The report revealed that crude oil production remained relatively moderate, and pipeline maintenance disrupted some operations during the financial year.
It showed that average crude oil and condensate production stood at 1.54 million barrels per day, showing steady output amid ongoing infrastructure upgrades and security challenges across producing regions.
It showed that gas production recorded 6,914 million standard cubic feet per day in December, as monthly figures showed output peaking above 7,500 mmscfd mid-year before tapering slightly toward year-end.
The report said gas sales were also steady, averaging over 4,700 mmscfd, showing NNPC’s leaning toward gas as Nigeria’s transition fuel and key revenue stabiliser.
The report also indicated that profitability saw dips in some months, with marginal losses recorded early in the year before rebounding strongly between March and June, while operational reliability indicators improved considerably:
On upstream pipeline availability, the Obiafu-Obrikom-Oben Gas Pipeline recorded 100 per cent availability, the Ajaokuta-Kaduna-Kano Gas Pipeline 91 per cent, and the NNPC Retail and station availability 65 per cent.
The data revealed significant gains in network stability and product distribution efficiency, particularly in the second half of the year.
It said that planned maintenance and upgrade works at Stardeep-Agbami, Renaissance-Estuary Area, and unplanned production facility outages affected December production performance.
It also reported successful completion of key engineering works, including river crossings and mainline welding operations, as scheduled at AKK Mainline.
The company said it successfully completed the OB3 River Niger Crossing and all early works and commenced pilot hole drilling, adding that the project is on course and will be completed as scheduled.
(NAN)
