The Nigerian National Petroleum Company Limited (NNPC Ltd) today announced exceptional financial results for the 2025 financial year, demonstrating robust operational efficiency, strategic resilience, and significant contributions to the Nigerian economy.
In its December 2025 Monthly Report Summary, NNPC Ltd reported total revenue of N60.517 trillion for the year.
This remarkable achievement reflects strong performance across upstream, downstream, and gas operations amid global energy market dynamics and domestic challenges.
The company posted a profit after tax (PAT) of N5.760 trillion (approximately $4.26 billion), underscoring improved profitability and effective cost management under the leadership of Group Chief Executive Officer, Bashir Bayo Ojulari.
NNPC Ltd remitted a substantial N14.706 trillion in statutory payments to government agencies and joint venture partners throughout 2025.
These remittances support critical national priorities, including federation allocations, infrastructure development, and public services.
Average crude oil and condensate production stood at approximately 1.62 million barrels per day (mbpd) for the year, with December output at 1.54 mbpd amid ongoing pipeline maintenance and efforts to stabilize production. Natural gas production remained strong, reaching 6,914 million standard cubic feet per day in December.
These results mark a continued upward trajectory for NNPC Ltd following its transformation into a commercial entity, with enhanced focus on value creation, transparency, and sustainable energy development.
Commenting on the results, Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, said:
"We are proud to deliver these strong financial outcomes for 2025, which reflect the dedication of our team and the success of our strategic initiatives.
Despite operational headwinds, including production disruptions, we have achieved record revenue and solid profitability while fulfilling our obligations to the Federation.
NNPC Ltd remains committed to driving Nigeria's energy security, maximizing value from our resources, and supporting the nation's economic growth."
NNPC Ltd continues to prioritize investments in upstream exploration, gas commercialization, refining rehabilitation, and the energy transition to ensure long-term sustainability and national benefit.
About NNPC Limited
The Nigerian National Petroleum Company Limited (NNPC Ltd) is Nigeria's state-owned oil company, operating across the entire energy value chain.
As a commercial entity focused on profitability and efficiency, NNPC Ltd plays a pivotal role in Nigeria's economy, driving oil and gas production, revenue generation, and energy security.