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By Tracy Moses
The Nigerian National Petroleum Company (NNPCL) recorded robust financial and operational performance in 2025, posting a revenue of ₦60.5 trillion and a profit after tax of ₦3.76 trillion, despite moderate crude oil production and periodic disruptions caused by pipeline maintenance and security challenges.
According to NNPC’s December 2025 Monthly Report Summary, the company maintained an average crude oil and condensate production of 1.54 million barrels per day (mbpd), reflecting steady output amid ongoing infrastructure upgrades and security concerns in producing regions.
Analysts note that while output remained moderate, it was sufficient to sustain the company’s strong financial performance.
Gas production emerged as the company’s strongest growth area, peaking at 7,500 million standard cubic feet per day (mmscfd) mid-year and closing December at 6,914 mmscfd. Gas sales also remained robust, averaging over 4,700 mmscfd throughout the year, highlighting NNPC’s strategic pivot toward gas as Nigeria’s transition fuel and a key revenue stabilizer.
Monthly financial data showed some fluctuations, with marginal losses recorded in the early months of 2025 before rebounding strongly between March and June. Analysts attributed the variances to global oil price volatility and domestic maintenance shutdowns.
Despite these short-term dips, the company’s annual performance remained strong, with statutory payments to the government totaling ₦14.7 trillion.
Operational reliability indicators improved significantly over the year. Upstream pipeline availability reached 100%, the OB3 pipeline recorded 96% availability, and the AKK pipeline 91%. NNPC Retail (NRL) and fuel station availability averaged 65%, reflecting notable gains in network stability and product distribution efficiency, particularly in the second half of the year.
The report highlighted the completion of key engineering works, including river crossings, welding operations, and upgrades to the Trans Niger, AKK, and OB3 gas infrastructure, which temporarily affected deliveries but are expected to enhance long-term operational reliability.
Industry observers say the results underscore NNPC’s growing emphasis on gas-led growth, improved infrastructure uptime, and stronger fiscal contributions to government coffers.
With pipeline reliability nearing full capacity and gas output rising, analysts expect the company to maintain or improve stability in 2026, provided global market conditions and domestic security remain favorable.