NNPC Records N905bn Profit In June As Crude Oil Production Surges.
The Nigerian National Petroleum Company Limited (NNPC) has announced a robust profit after tax of N905 billion for June 2025, marking a significant milestone in its financial performance. According to the company’s Monthly Report Summary, released on 21 July 2025, NNPC generated a total revenue of N4.571 trillion for the month, despite a slight decline from May’s N6.008 trillion due to lower global crude oil prices averaging $71.44 per barrel. This achievement, coupled with a rebound in crude oil and gas production, underscores NNPC’s growing operational resilience and strategic focus on transparency.
The report highlights a notable increase in crude oil and condensate production, rising from 1.629 million barrels per day (bpd) in May to 1.68 million bpd in June, a gain of 51,000 bpd. Natural gas production also saw an uptick, reaching 7.581 billion standard cubic feet per day (scf/d) in June, up from 7.352 billion scf/d in May. These improvements reflect NNPC’s efforts to combat crude oil theft and pipeline vandalism, with upstream pipeline availability reaching an impressive 97% due to reduced downtime from sabotage.
In the downstream sector, NNPC Retail Limited reported a significant improvement in Premium Motor Spirit (PMS) availability, climbing to 71% in June from 62% in May. This boost in fuel availability is expected to ease supply pressures across Nigeria. The company also made progress on key infrastructure projects, with the Ajaokuta-Kaduna-Kano (AKK) gas pipeline reaching 83% completion and the Obiafu-Obrikom-Oben (OB3) pipeline at 96%. A technical review of the OB3 pipeline’s River Niger crossing is underway to ensure its timely completion.
NNPC’s commitment to corporate social responsibility (CSR) also shone through in June, with its Financial Literacy Programme for NYSC corps members reaching 67,544 participants nationwide on 15 June 2025. This initiative, conducted online, has now trained a cumulative total of 870,383 corps members, equipping young Nigerians with essential financial skills. Additionally, NNPC’s statutory remittances to the Federation Account totalled N6.96 trillion from January to May 2025, reinforcing its role as a major contributor to national revenue.
Despite ongoing challenges, such as the review of the Port Harcourt, Warri, and Kaduna refineries, NNPC’s performance signals a positive trajectory. The company’s focus on operational efficiency and strategic investments positions it to further enhance Nigeria’s energy sector, delivering economic benefits and energy security for the nation.
