The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded ₦4.36 trillion in revenue and ₦502 billion in profit after tax in November 2025, according to its latest Monthly Financial and Operations Report, as crude oil and condensate production averaged 1.60 million barrels per day (mmbopd) during the month.
The report shows that November output remained below the 2025 peak of 1.77 mmbopd, reflecting the impact of planned maintenance activities across key producing assets, including Esso–Erha, Stardeep–Agbami, and the Renaissance Estuary Area. NNPC said production recovery was expected by the end of December 2025.
Production and gas performance
Crude oil and condensate production in November followed a largely stable but fluctuating trend throughout the year, ranging from 1.56 mmbopd in March to 1.69 mmbopd in July, before easing to 1.60 mmbopd in November. Of this total, crude oil output stood at 1.36 mmbopd, while condensate contributed 0.24 mmbopd.
Natural gas production averaged 6,968 million standard cubic feet per day (mmscf/d) in November, slightly lower than October’s 6,997 mmscf/d. Gas sales, reported on an M-2 basis, came in at 4,650 mmscf/d, down from 4,713 mmscf/d in October but higher than September’s 3,443 mmscf/d.
Crude oil and condensate sales volumes declined to 19.98 million barrels in November, compared with 26.71 million barrels in October, reflecting both production dynamics and lifting schedules.
Infrastructure status and projects
The report highlighted continued stability in critical infrastructure, with upstream pipeline availability at 100%. The Ajaokuta–Kaduna–Kano (AKK) gas pipeline reached 90% completion, with mainline welding and pressure testing completed, and overall delivery still targeted for 2026. The Obiafu–Obrikom–Oben (OB3) gas pipeline recorded 96% availability, alongside full mobilisation of equipment and personnel and the completion of geotechnical data acquisition.
NNPC noted that delays persisted on the West African Exploration Project (WAEP) first oil, while collaboration with joint venture (JV), production sharing contract (PSC), and NEPL partners remained ongoing to support output growth and infrastructure uptime into 2026.
Downstream and retail indicators
In the downstream segment, NNPC Retail (NRL) stations recorded 61% PMS availability nationwide in November, with wetness monitoring continuing across the retail network.
Social investment and outlook
Beyond operations, the NNPC Foundation received multiple honours at the 19th SERAS Sustainability Africa Awards, including recognition as Most Responsible Organisation in Africa (Overall). Rehabilitation works at the National Orthopaedic Hospital, Igbobi, Lagos, reached 90.1% completion as of November 30, 2025.
NNPC said all figures in the report remain provisional and subject to reconciliation, adding that sustained focus on turnaround maintenance, partner engagement, and infrastructure reliability will shape performance through year-end and into 2026.