The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a Profit After Tax (PAT) of N535 billion in June 2026, representing a 15.8 per cent increase from the N462 billion posted in May, according to the company’s latest financial and operational report.
The June report, released on Friday, also showed that the national oil company generated N4.389 trillion in revenue during the month, while its cumulative statutory remittances to the Federation between January and June 2026 rose to N6.286 trillion, reinforcing its contribution to government revenue.
Despite the improved financial performance, crude oil and condensate production declined slightly to an average of 1.72 million barrels per day, down from 1.73 million barrels per day recorded in May.
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NNPC attributed the marginal drop in production to operational disruptions, facility integrity challenges and subsurface issues affecting several oil assets.
However, the company recorded stronger performance in gas production, which increased by
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