NNPC Generates N4.406trn in July as Profit Falls by 79% to N185bn

By Aduragbemi Omiyale

The Nigerian National Petroleum Company (NNPC) Limited said it generated N4.406 trillion as revenue in July 2025 from the sale of crude oil, gas, and other petroleum products.

Business Post reports that the amount raked in by the agency last month was 3.61 per cent lower than the N4.571 trillion generated in June 2025.

In its monthly report for July 2025, the state-owned energy company further revealed that the profit after tax (PAT) for the month under review significantly depreciated by 79.56 per cent to N185 billion from the N905 billion recorded in the previous month.

From the analysis of the report, crude oil production slightly fell in the period under consideration to 1.40 million barrels of oil per day compared with the 1.42 million barrels of oil per day posted a month earlier, though condensate offset the shortfall with 0.29 barrels of oil per day versus 0.26 barrels of oil per day achieved in the preceding monthly, lifting the total production to 1.70 million barrels of oil per day in July 2025 versus 1.68 million barrels of oil per day in June 2025.

Also, gas production for the month increased to 7,722 million standard cubic feet per day from 7,581 million standard cubic feet per day in June 2025 as the sale of the commodity also improved to 4,978 million standard cubic feet per day from 4,742 million standard cubic feet per day.

The company noted that it sustained crude oil and condensate production, improved uptime of production facilities, continued stakeholders’ collaboration and operational efficiency.

It said additional subcontractors were deployed to expedite completion of mainline works of the Ajaokuta- Kaduna- Kano (AKK) Gas Pipeline.

As for the Obiafu-Obrikom- Oben (OB3) Gas Pipeline, the NNPC said it commenced implementation of revised execution strategy towards expedited completion, while the OB3 River Niger Crossing, while 113km portion of OB3 Gas Pipeline has been commissioned and flowing about 300mmscf/d of gas from AHL at 250 mmscf/d, and Platform, Chorus and Xenergi at 50 mmscf/d.

The reported disclosed that the NNPC Foundation coordinated the donation of 35 CNG buses to Presidential Initiative on CNG (Pi-CNG), in conjunction with the offices of EVP Downstream and EVP, Business Services.

“As part of our commitment to environmental sustainability and climate change mitigation, the planting of 200,000 trees has commenced in Katsina State, and the official flag off is scheduled for August 2025,” a part of the report stated.