By Kelechi Onwujuba 

The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a profit after tax (PAT) of N539 billion in August 2025, even as crude oil and condensate production as well as natural gas output declined during the month. The company disclosed this in its Monthly Report Summary for August 2025, which highlighted its operational and financial performance, strategic projects and other activities during the period. 


According to the report, crude oil and condensate production averaged 1.65 million barrels per day (mbopd) in August, down from 1.70 mbopd recorded in July. Crude oil accounted for 1.38 mbopd, while condensate production stood at 0.26 mbopd. NNPC said the decline was primarily caused by scheduled maintenance at some upstream facilities, which was aligned with the Turn Around Maintenance (TAM) programme of Nigeria LNG Limited.


Natural gas production also fell during the month, dropping to 6,949 million standard cubic feet per day (mmscf/d), compared with 7,722 mmscf/d recorded in July. Gas sales similarly declined to 4,201 mmscf/d in August from 4,978 mmscf/d in July, while crude oil and condensate sales stood at 23.36 million barrels, comprising 22.37 million barrels of crude oil and 0.99 million barrels of condensate. 

•NNPC GCEO, Bayo Ojulari


Despite the decline in production, NNPC reported revenue of N4.655 trillion for August, compared with N4.406 trillion in July. The company’s profit after tax also rose sharply from N185 billion in July to N539 billion in August. NNPC noted that the revenue figure reflects aggregate groupwide revenue, including intercompany transactions, while the PAT figure includes adjustments to cost of sales and income tax. 


The report also showed that statutory payments to the Federation Account between January and July 2025 reached N8.86 trillion. Meanwhile, upstream pipeline availability stood at 96 per cent in August, indicating continued efforts to maintain the reliability of infrastructure supporting crude oil production and evacuation. Petrol availability across NNPC retail stations also improved to 76 per cent during the month. 


On major gas infrastructure projects, NNPC said construction activities on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline were progressing across multiple fronts as part of efforts to accelerate completion of the mainline. The company put the progress of the AKK project at 84 per cent as of August. 


For the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, NNPC reported that the project was 96 per cent complete, while 113 kilometres of the pipeline had been commissioned and was flowing about 300 mmscf/d of gas. The company said the gas was being supplied by AHL, which accounted for about 250 mmscf/d, and Platform, Chorus and Xenergi, which jointly supplied about 50 mmscf/d. 


Beyond its core oil and gas operations, NNPC Foundation reported several public-impact initiatives in August. Its financial literacy programme trained 60,231 NYSC Batch B Stream 1 corps members across the 36 states and the Federal Capital Territory, bringing the cumulative number of participants trained under the programme to 930,614. The foundation also supported a youth hackathon on digital privacy involving 141 participants. NNPC cautioned that all production, sales and financial figures contained in the report are provisional and subject to reconciliation with relevant stakeholders.