By Ayomide Otitoju
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported ₦6.008 trillion in revenue for May 2025, reflecting a marginal increase from the ₦5.972 trillion posted in April.
According to the company’s latest monthly report released Monday, profit after tax rose 14% to ₦1.054 trillion in May, up from ₦926 billion in April, driven by improved crude oil and condensate production.
Daily production of crude oil and condensates rose to 1.63 million barrels per day (mbpd) in May, up slightly from 1.61 mbpd the previous month. Peak production during the month reached 1.72 mbpd. Crude oil output held steady at 1.35 mbpd, while condensates increased modestly to 0.28 mbpd from 0.26 mbpd in April.
Gas production remained largely stable, with volumes recorded at 7.352 billion standard cubic feet per day (scfd), while gas sales saw a slight dip from 4.240 billion scfd in April to 4.185 billion scfd in May.
Sales performance in crude oil and condensates improved significantly, reaching 24.77 million barrels in May, up from 22.16 million barrels in April—the highest sales volume since February.
However, downstream operations showed signs of weakness. Fuel availability at NNPC Retail stations fell to 62% in May, compared to 70% in April, according to internal tracking.
Under its Corporate Social Responsibility initiatives, the NNPC Foundation reported the completion of 6,028 cataract surgeries nationwide, distributed start-up kits to 531 NYSC Corps members, and supplied MRI equipment to hospitals in Kano and Anambra states.
The company also reported progress on major pipeline infrastructure projects. The Obiafu-Obrikom-Oben (OB3) gas pipeline reached 96% completion, while the Ajaokuta-Kaduna-Kano (AKK) pipeline stood at 81%.
Upstream pipeline availability was recorded at 98%, supported by maintenance activities in May, including turnaround operations on the Trans Escravos Pipeline and several flow stations in OML 40 and OML 17.
NNPC Ltd’s performance underscores ongoing efforts to stabilize production, enhance revenue, and boost infrastructure in the nation’s energy sector amid fluctuating global oil markets.
