The Nigerian National Petroleum Company (NNPC) Limited has announced a profit after tax (PAT) of N185 billion for the month of July.
In its latest Monthly Report Summary for July 2025, the national oil company noted that this figure marks a 79.56 percent decline from the N905 billion recorded in June.
According to the NNPC, the drop reflects the impact of cost of sales and income tax adjustments.
The report also showed that total revenue for the period stood at N4.406 trillion — representing a 3.59 percent decrease from the N4.57 trillion reported previously.
The company explained that the figure represents “the aggregate of groupwide revenues, including intercompany transactions.”
The NNPC further disclosed that average daily crude oil and condensate production in July was 1.7 million barrels per day (bpd), while natural gas production stood at 7.72 million standard cubic feet per day (mscfd).
Emphasizing its “strategic” initiatives, the company said it remains focused on sustaining crude and condensate output, enhancing production facility uptime, and strengthening stakeholder engagement and operational efficiency.
The report added: “Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline: Additional subcontractors deployed to expedite completion of mainline works and fast track project completion.”
The company also revealed that it has begun executing a revised strategy aimed at speeding up the completion of the Obiafu-Obrikom-Oben (OB3) River Niger crossing.
“[The] 113km portion of OB3 Gas Pipeline has been commissioned and is flowing about 300mmscf/d of gas from two gas producers,” the NNPC stated.
Additionally, the report highlighted that the NNPC Foundation facilitated the donation of 35 compressed natural gas (CNG) buses to the Presidential Initiative on CNG (Pi-CNG), “in conjunction with the offices of executive vice-presidents, downstream and business services.”