The Nigerian National Petroleum Company (NNPC) Limited has announced that it made a profit after tax (PAT) of ₦905 billion for the month of June 2025.
This impressive figure comes alongside a total statutory remittance of ₦6.96 trillion between January and June.
The disclosures were contained in the NNPCL’s recently released report titled: ‘NNPC Limited Monthly Report Summary — June 2025’.
The NNPCL said the figure dropped by 13.81% from ₦1.05 trillion in May, adding that it recorded a revenue of ₦4.57 trillion in the same period — down by 23.83% from ₦6 trillion in May.
According to the NNPCL, crude oil and condensate production averaged 1.68 million barrels per day (bpd) in June, while natural gas production was 7.58 million standard cubic feet daily.
“All production, sales and financial figures are provisional and subject to reconciliation with relevant stakeholders”, the national oil company said.
The organisation also said petrol availability at NNPC Retail Limited stations was 71% during the month, adding that upstream pipeline reliability was 97 percent.
The NNPCL said ongoing industry-wide collaborations are increasingly improving “synergies to achieve production improvement and cost optimisation”.
“AKK: Successfully completed the AKK River Niger Crossing which significantly derisked the completion of the mainline. Additional intervention being put in place to ensure earliest completion. Commenced technical review of OB3 River Niger crossing to replicate learnings from AKK River Niger crossing success”, the company said.
The NNPCL said the review of the Port Harcourt, Kaduna, and Warri refineries is progressing. On July 11, the company’s Group Chief Executive Officer (GCEO), Bayo Ojulari, said it is becoming a “bit more complicated” to revamp the state-owned refineries.
