The Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax (PAT) of N5.76 trillion for the 2025 fiscal year.
In its ‘Monthly Report Summary’ for December 2025, published on Thursday, the NNPC said its revenue totalled N60.51 trillion in the year under review.
The national oil firm said statutory payments to government agencies and partners amounted to N14.7 trillion for the year.
According to the company, Nigeria recorded an average crude and condensate output of 19.43 million barrels per day (bpd) in the year.
Furthermore, the national oil company said the country recorded an average crude and condensate output of 1.54 million bpd in December 2025 — down by 3.75 percent from 1.6 million bpd in November 2025.
The NNPC said the December production performance was affected by planned maintenance work at Stardeep-Agbami, Renaissance-Estuary area (EA), and unplanned production facility outages.
The company also reported a PAT of N351 billion for December 2025, representing a 30.08 percent decline from N502 billion recorded in November 2025.
According to the oil firm, revenue for the period stood at N4.82 trillion — up by 10.8 percent from N4.35 trillion in the preceding month.
The organisation said natural gas output dipped to 6.19 million standard cubic feet per day (mscfd) in December 2025, compared with 6.96 mscfd in the previous month.
Furthermore, the company said it successfully completed the mainline welding works as scheduled on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline.
The NNPC noted that efforts are being intensified to complete the intermediate pigging station (IPS) and block valve stations (BVS).
The oil firm also said it has successfully completed all early works and commenced pilot hole drilling on the Obiafu-Obrikom-Oben (OB3) gas pipeline.
The NNPC said the project is on course to be completed as scheduled.
