Nigerian National Petroleum Company Limited (NNPC) has reported a 54.5 per cent increase in profit after tax to N431 billion in August 2026, while average crude oil and condensate production rose slightly to 1.69 million barrels per day.
Gatekeepers News reports that the company disclosed this in its monthly report summary for August, published on Monday.
According to the report, the profit after tax increased from N279 billion recorded in July to N431 billion in August, while revenue rose by 21.1 per cent to N3.73 trillion from N3.08 trillion in the preceding month.
The company also reported that cumulative statutory payments to the government increased to N9.48 trillion for January to August, compared with N7.91 trillion recorded between January and July.
On production, average crude oil and condensate output increased to 1.69 million barrels per day in August from 1.68 million barrels per day in July.
Natural gas production also rose to 7.68 billion standard cubic feet per day in August from 7.48 billion standard cubic feet per day in the previous month.
The report further showed that crude oil and condensate sales increased by nine per cent to 24.56 million barrels in August, compared with 22.53 million barrels recorded in June, while gas sales rose by 3.3 per cent to 4.73 billion standard cubic feet per day from 4.58 billion standard cubic feet per day in July.
On infrastructure, NNPC reported 100 per cent availability of its upstream pipelines, while the Obiafu-Obrikom-Oben (OB3) gas pipeline reached full completion. The Ajaokuta-Kaduna-Kano (AKK) gas pipeline was reported to be 95 per cent complete.
The company said it sustained crude oil evacuation, reduced production deferments, strengthened asset reliability through proactive maintenance and accelerated efforts to resolve operational constraints.
NNPC added that it improved coordination of drilling and shutdown activities, restored deferred production and strengthened accountability across its assets.
The latest figures indicate an improvement in the company’s financial performance and a marginal increase in oil and condensate output compared with July.
