The Nigerian National Petroleum Company Limited (NNPCL) announced a total revenue of N4.571 trillion and a profit after tax (PAT) of N905 billion for June 2025, according to its monthly financial report. This revenue marks a 23.9% decline from May's N6 trillion, largely due to volatility in global oil prices.
Crude oil and condensate production reached 1.68 million barrels per day (mbpd) in June the highest since January and up from 1.63 mbpd in May. Of this, crude oil accounted for 1.42 mbpd, while condensate contributed 0.26 mbpd.
Despite a slight drop in crude sales to 21.68 million barrels from May’s 24.77 million, natural gas production improved to 7.581 billion standard cubic feet per day, up from 7.352 billion scf/d in May, signaling a sustained recovery in Nigeria's gas sector.
The report also highlighted petrol availability at retail stations at 71%, pipeline availability at 97%, and significant progress on key infrastructure projects including the OB3 and AKK pipelines.
From January to May 2025, NNPCL made statutory payments totaling N6.961 trillion to the Federation Account, reaffirming its vital contribution to national revenue.
The company continues to work on refining infrastructure with ongoing reviews of the Port Harcourt, Warri, and Kaduna refineries as part of efforts to optimize production and cost efficiency.
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