Nigerian National Petroleum Company (NNPC) Limited has announced a profit after tax (PAT) of N539 billion for August.
Gatekeepers News reports that its Monthly Report Summary for August 2025, published on Friday, the state-owned oil firm said the figure represents a 191.36 percent increase compared to the N185 billion recorded in July, attributing the jump to cost of sales and income tax adjustments.
According to the report, NNPC’s revenue rose to N4.65 trillion in August, a 5.65 percent rise from the N4.406 trillion posted the previous month. The figure reflects consolidated group revenues, including intercompany transactions.
Crude oil and condensate production averaged 1.65 million barrels per day (bpd) in August, down from 1.7 million bpd in July, while natural gas output declined to 6.94 million standard cubic feet daily (scfd) from 7.72 million scfd.
The company attributed the drop to scheduled maintenance at upstream facilities, in line with Nigeria LNG’s Turn Around Maintenance (TAM).
On ongoing projects, NNPC said it is sustaining industry-wide collaboration to ramp up production following the completion of TAM.
It noted steady progress on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and the commencement of robust geotechnical investigations to strengthen delivery assurance on the Obiafu-Obrikom-Oben (OB3) River Niger crossing.
NNPC noted that 113 km portion of OB3 Gas Pipeline has been commissioned and is currently flowing about 300 mmscf/d of gas from identified producers.
It further disclosed that between January and August 2025, it received N1.06 trillion from production sharing contract (PSC) profit oil, according to the Federation Account Allocation Committee (FAAC) report.
