NNPC Limited, Nigeria’s state-owned oil company, reported a 33.3% surge in profit after tax to N7.2 trillion in 2025, according to financial results disclosed by Group Chief Executive Officer Bayo Ojulari. The figure marks a rise from N5.4 trillion in 2024, attributed to enhanced operational efficiency and strategic management, even as the company navigated lower oil prices and reduced petroleum product sales due to market deregulation.
Ojulari highlighted that NNPC’s 2025 revenue totaled N34.5 trillion, with earnings per share reaching N359. The company also remitted N22.33 trillion in taxes, royalties, and other payments to the government, a 39% increase from the previous year. “The headline result is clear: profit after tax grew by 39% from ₦5.4trillion in 2024 to ₦7.2 trillion in 2025,” he stated during a press briefing in Abuja, emphasizing the role of financial discipline and workforce performance.
Crude oil and condensate production hit a five-year high of 1.77 million barrels per day in 2025, while domestic gas supply reached a three-year peak of 7.2 billion standard cubic feet per day. Ojulari credited the workforce for these achievements, noting, “These results did not happen by chance. They were delivered by our workforce, which remains our most important asset.”
The company’s improved financial performance, he said, bolstered its capacity to invest in operations, support government revenue, and enhance Nigeria’s energy security. However, Ojulari acknowledged rising expectations for sustained growth, citing the need for infrastructure upgrades, workforce development, and operational improvements to meet long-term goals.
NNPC’s 2025 strategy focuses on expanding gas monetization, strengthening downstream operations, and increasing production. The firm also unveiled its “Talent to Value” program, which integrates experienced personnel with new hires, alongside investments in digital technologies and international best practices. Over 1,000 professionals joined the company in 2025, undergoing a rigorous one-year training program before deployment.
Gender representation in leadership roles improved to 23%, surpassing the industry average of 17%. The company emphasized that continued investment in workforce skills, infrastructure, and operational efficiency would be critical to sustaining growth and meeting financial targets.
Ojulari’s remarks come amid broader challenges facing Nigeria’s energy sector, including fluctuating global oil prices and the need for structural reforms. The NNPC’s 2025 results underscore its efforts to balance profitability with national energy priorities, though critics argue more transparency and accountability are needed to ensure public trust.
The company’s performance also highlights the complexities of Nigeria’s petroleum market, where deregulation has reshaped supply dynamics. While NNPC’s financial resilience is notable, experts caution that long-term stability depends on addressing systemic issues, including refining capacity and regulatory oversight.
NNPC’s 2025 financial disclosures align with its broader mandate to support economic growth and energy security. The firm’s focus on operational excellence and workforce development reflects a shift toward sustainable growth, though its ability to maintain momentum will hinge on external factors like global market conditions and domestic policy frameworks.
The results also raise questions about the distribution of revenues and their impact on public services. While NNPC’s contributions to government coffers are significant, stakeholders urge greater clarity on how these funds are allocated to address Nigeria’s energy and infrastructure gaps.
As Nigeria’s energy landscape evolves, NNPC’s 2025 performance serves as a benchmark for its role in the nation’s economic and social development. The company’s strategies and challenges will remain under scrutiny as it seeks to balance profitability with the public interest.
NNPC Posts 33.3% Profit Surge to N7.2 Trillion in 2025 Amid Operational Efficiency Gains
["NNPC Limited, Nigeria’s state-owned oil company, reported a 33.3% surge in profit after tax to N7.2 trillion in 2025, according to financial results disclosed by Group Chief Executive Officer Bayo Ojulari. The figure marks a rise from N5.4 trillion in 2024, attributed to enhanced operational efficiency and strategic management, even as the company navigated lower oil prices and reduced petroleum product sales due to market deregulation.","Ojulari highlighted that NNPC’s 2025 revenue totaled N34.5 trillion, with earnings per share reaching N359. The company also remitted N22.33 trillion in taxes, royalties, and other payments to the government, a 39% increase from the previous year. “The headline result is clear: profit after tax grew by 39% from ₦5.4trillion in 2024 to ₦7.2 trillion in 2025,” he stated during a press briefing in Abuja, emphasizing the role of financial discipline and workforce performance.","Crude oil and condensate production hit a five-year high of 1.77 million barrels per day in 2025, while domestic gas supply reached a three-year peak of 7.2 billion standard cubic feet per day. Ojulari credited the workforce for these achievements, noting, “These results did not happen by chance. They were delivered by our workforce, which remains our most important asset.”",