Nigerian National Petroleum Company (NNPC) Limited has announced a 29.03% increase in profit after tax (PAT), reaching N1.05 trillion in May 2025, up from N748 billion recorded in April.
Gatekeepers News reports that the figures were released in the company’s new report titled ‘NNPC Limited Monthly Report Summary — May 2025’
During the same period, the NNPC’s revenue rose to N6 trillion, representing a 1.87% growth from the previous month’s N5.89 trillion. Statutory payments for May totaled N5.58 trillion.
NNPC noted that the financial data remains provisional and unaudited, reflecting only the company’s operations and excluding figures from independent producers as reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
In terms of production, the company recorded an average of 1.62 million barrels of crude oil and condensate per day, alongside 7.35 million standard cubic feet of natural gas per day in May.
Petrol availability across NNPC Retail Limited stations stood at 62%, while upstream pipeline reliability reached 98%.
The report also highlighted developments on key infrastructure projects. NNPC said technical work continued on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, with focused interventions on crossing the River Niger.
Similar technical assessments are ongoing on the OB3 River Niger crossing to identify the most viable project execution strategy.
The company noted that it is working closely with joint venture partners to boost sustainable production output, and it successfully carried out turnaround maintenance in May on key assets including the Trans Escravos Pipeline (TEP), OML 40 – Opuama flow station, and OML 17 – Obigbo and Agbada flow stations.
The company also revealed that reviews are ongoing for the Port Harcourt, Warri, and Kaduna refineries.
