The Nigerian National Petroleum Company Limited (NNPCL) says it has recorded an after tax profit of N535 billion for the month of June, 2026, representing 15.8 per cent increase from N462 billion realised in May this year.
According to the company’s monthly financial and operations report for the month of June 2026, released on Friday, the total revenue for the month stood at N4.389 trillion, while cumulative statutory payments to the Federation Account for the period January to June 2026 increased to N6.286 trillion.
This underscored NNPCL’s sustained contribution to national revenue generation, the report stated.
“The average crude oil and condensate production witnessed a slight dip standing at 1.72 million barrels per day (mmbopd), compared to 1.73 million barrels per day in May.
“The production dip is attributed to operational disruptions, facility integrity issues and subsurface challenges across several assets.
“Natural gas production rose to 7.841 million standard cubic feet per day (mmscf/d) from 7.774 mmscf/d in May, representing a modest 0.86 per cent increase, continuing the company’s upward trajectory in gas production,” the report said.
It explained that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline has progressed to 98 per cent completion, with final tie-in works ongoing towards achieving First Gas in August 2026.
The report added that the construction and installation activities on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline advanced to 94 per cent completion, supporting the target of early gas delivery to Abuja in 2026.
GIK/APA