NNPC Reports N4.36 Trillion Revenue and N502 Billion Profit After Tax as Petrol Availability Hits 61%

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced impressive financial results for November 2025, recording total revenue of N4.36 trillion (₦4,358 billion) alongside a profit after tax of N502 billion. This growth is largely driven by a steady crude oil and condensate production of 1.60 million barrels per day (mmbopd), slightly surpassing October’s output of 1.58 mmbopd, despite ongoing maintenance activities at key production sites.

According to the NNPC Monthly Report for November 2025, natural gas production averaged 6,968 million standard cubic feet per day (mmscf/d), maintaining a consistent performance relative to previous months. This stable output reflects NNPC’s strategic approach to balancing production with essential infrastructure maintenance, ensuring operational efficiency while preparing for future expansion.

Crude Oil, Condensate, and Gas Sales Performance

In November, crude oil and condensate production maintained an average of 1.60 mmbopd, while natural gas production stood at 6,968 mmscf/d. The statutory contributions to the Federation Account from January to October 2025 totaled N12.117 trillion, showcasing the company’s significant fiscal impact on the Nigerian economy.

Sales figures for November indicate that crude oil and condensate volumes reached 19.98 million barrels, comprising 18.98 million barrels of crude oil and 1.00 million barrels of condensate. Meanwhile, gas sales averaged 4,650 mmscf/d, slightly lower than October’s 4,713 mmscf/d, reflecting seasonal demand fluctuations and scheduled maintenance across select facilities.

Despite these achievements, premium motor spirit (PMS) availability at NNPC retail stations stood at 61%, highlighting that nearly four in ten outlets may have experienced limited petrol supply during the month. This shortfall underscores the continuing downstream supply challenges, even as the company advances infrastructure improvements and operational planning.

Maintenance Activities Impact Production

The report noted that November’s production performance was significantly influenced by planned maintenance activities across major upstream assets, including Esso-Erha, Stardeep-Agbami, and the Renaissance-Estuary Area.

NNPC emphasized that production recovery is expected by the end of December 2025, with ongoing delays in the West African Gas Pipeline (WAEP) first oil schedule. The company is also finalizing the 2025 facilities turnaround maintenance (TAM) and implementing production initiatives across Joint Venture (JV), Production Sharing Contract (PSC), and Nigerian Petroleum Limited (NEPL) assets to meet the 2026 production target.

In a statement, NNPC highlighted:

“We are intensifying collaboration with our partners through year-end and into 2026 to ensure improved production performance, maximize infrastructure uptime, and maintain high facility maintenance standards across all our assets.”

The report attributed the temporary moderation in output to scheduled maintenance at the Esso-Erha, Stardeep-Agbami, and Renaissance-Estuary Area fields, which is expected to result in a substantial boost in December 2025, paving the way for a robust production outlook in 2026.

Strategic Infrastructure Projects Driving Growth

NNPC is making significant progress on strategic infrastructure projects, including the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) River Niger crossing. These initiatives are critical to supporting future production growth, ensuring consistent gas supply, and enhancing the national energy grid.

The company’s ongoing projects reflect a deliberate effort to improve operational efficiency, optimize resource management, and strengthen Nigeria’s energy infrastructure for long-term sustainability.

NNPC Foundation Earns Prestigious Recognition

In addition to operational achievements, the NNPC Foundation received remarkable accolades at the 19th Edition of the SERAS Sustainability Africa Awards 2025. The foundation secured five prestigious awards, including:

1. Most Responsible Organisation in Africa (Overall Award)
2. Best in Decent Work & Economic Growth
3. Best in Stakeholder Engagement
4. Best Company in Poverty Reduction
5. Africa Sustainability Professional of the Year

These awards reinforce NNPC’s commitment to corporate social responsibility, sustainable development, and community engagement across Nigeria and Africa.