NNPCL reported a profit after tax of N905 billion for June 2025

 
This remarkable figure accompanies a total statutory remittance of ₦6.96 trillion from January to June.

The revelations were included in the NNPC's newly published document called 'NNPC Limited Monthly Report Summary — June 2025'.

According to the NNPC, the figure decreased by 13.81 percent from N1.05 trillion in May.

The company reported a revenue of N4.57 trillion for the same period, which represents a 23.83 percent decrease from the N6 trillion recorded in May.

The NNPC reported that in June, the average production of crude oil and condensate was 1.68 million barrels per day (bpd), whereas natural gas output reached 7.58 million standard cubic feet each day.

The national oil company stated, "All production, sales, and financial figures are provisional and subject to reconciliation with relevant stakeholders."

The organization also reported that fuel availability at NNPC Retail Limited stations was 71 percent for the month, while noting that upstream pipeline reliability stood at 97 percent.

The NNPC stated that current collaborations across the industry are significantly enhancing synergies to boost production and optimize costs.

"AKK: The successful completion of the AKK River Niger Crossing has significantly reduced risks associated with finishing the mainline. Additional measures are being implemented to ensure its earliest possible completion," stated the company.

Initiated a technical review of the OB3 River Niger crossing to apply insights gained from the successful AKK River Niger crossing.

The NNPC announced that the evaluation of the refineries in Port Harcourt, Kaduna, and Warri is making progress.

On July 11, Bayo Ojulari, the company's group chief executive officer (GCEO), stated that rejuvenating the state-owned refineries is becoming increasingly complex.

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