The Nigerian National Petroleum Company Limited (NNPC) posted a profit after tax of N502 billion in November 2025, maintaining its strong earnings streak despite lower crude oil production. According to the company’s monthly financial report, total revenue for the month reached N4.36 trillion, driven by stable gas output, full pipeline availability, and consistent domestic fuel supply. The profit underscores NNPC’s growing role in stabilizing the nation’s energy sector even amid operational challenges.
Crude oil and condensate production averaged 1.36 million barrels per day (mbpd) in November, slightly up from October’s 1.30 mbpd, but still below the year’s earlier peak of 1.77 mbpd. Gas production remained resilient at 6,968 million standard cubic feet per day (mmscf/d), reinforcing its importance in offsetting crude-related production dips. NNPC attributed the modest rebound in crude to partial recovery at some assets and ongoing maintenance on key pipelines and export lines.
In a significant move in the downstream sector, NNPC joined an intensifying petrol price war by cutting pump prices below N800 per litre, following aggressive pricing by the Dangote refinery. The reduction aims to retain customers as competitors sell petrol for as low as N739 per litre. NNPC’s action reflects the deregulated market dynamics under the Petroleum Industry Act, where fuel pricing is now largely determined by supply and demand rather than state control.
The company’s focus on gas remains evident, with November gas production and sales showing stability despite seasonal fluctuations. Upstream pipeline availability reached 100 percent, while nationwide petrol supply remained adequate, easing earlier supply concerns. Key infrastructure projects, including the Ajaokuta–Kaduna–Kano and Obiafu-Obrikom-Oben pipelines, are progressing toward completion, positioning NNPC for stronger output in 2026.
Beyond operational performance, the NNPC Foundation continued to make social impact, winning five awards at the 2025 SERAS Sustainability Africa Awards, including Most Responsible Organisation in Africa. Rehabilitation works at the National Orthopaedic Hospital, Igbobi, Lagos, reached over 90 percent completion, reflecting the company’s commitment to social responsibility alongside its commercial growth.
source: punch