NNPC Profit Plunges By 389.2% To N185bn In July

Despite notable increases in oil and gas production and sales, the Nigerian National Petroleum Company Limited (NNPC) has reported a plunge in its July 2025 profits.

The company disclosed in its Monthly Report Summary that July’s Profit After Tax (PAT) stood at N185 billion, marking a dramatic 389.2 per cent crash from June’s PAT of N905 billion.

This sharp decline has raised questions, as the report did not specify the underlying causes.
NNPC report further revealed that its revenue for July was N4.4 trillion, a decline from N4.571 trillion recorded in June and down from the N6.008 trillion reported in May. Nigeria’s crude oil and condensate output reached 1.70 million barrels per day (bpd) in July, about the highest level recorded in 2025. Of this, crude oil contributed 1.4 million bpd and condensate 290,000 bpd, demonstrating steady month-to-month improvement from June’s 1.68 million bpd and January’s 1.67 million bpd.

Highlighting natural gas performance, the report showed that Gas production averaged 7.72 billion standard cubic feet per day (bscf/d) in July, the highest this year, rising from 6.615 bscf/d in February. Gas sales also climbed to 4.978 bscf/d in July, up from 4.74 bscf/d in June and 4.70 bscf/d in May, with February’s 3.545 bscf/d being the lowest.

The company also reported progress on critical infrastructure projects, including the Obiafu-Obrikom-Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) gas pipelines.

On operational strategies, NNPC showed sustained crude oil and condensate production, improved uptime of production facilities, and maintained stakeholder collaboration and operational efficiency.”

The company also detailed efforts to expedite key projects: the NNPC said additional subcontractors have been deployed to fast track AKK gas pipeline completion, and a revised execution strategy is underway for OB3 River Niger Crossing.

Notably, a 113 km segment of the OB3 pipeline has been commissioned and is currently flowing about 300 million standard cubic feet per day (mmscf/d) of gas, sourced 250 mmscf/d from AHL and 50 mmscf/d from Platform, Chorus, and Xenergi combined.

In its corporate social responsibility area, NNPC’s Foundation coordinated the donation of 35 CNG buses to the Presidential Initiative on CNG (PI-CNG), in partnership with our EVP Downstream and EVP Business Services offices. Environmental commitments were also highlighted: We sustained planting 200,000 trees, beginning in Katsina State, as part of our climate change mitigation efforts.