According to the report released by the company, crude oil production remained relatively moderate and pipeline maintenance activities disrupted some operations in the financial year.

Average crude oil and condensate production stood at 1.54 million barrels per day (mbpd), reflecting steady output amid ongoing infrastructure upgrades and security challenges across producing regions.

It said gas production emerged as the company’s biggest strength during the year, climbing to 6,914 million standard cubic feet per day (mmscfd) in December, as monthly figures showed output peaking above 7,500 mmscfd mid-year before tapering slightly toward year-end.

The report stated that gas sales also remained robust, averaging over 4,700 mmscfd, underlining NNPC’s growing pivot toward gas as Nigeria’s transition fuel and key revenue stabiliser.

Revenue remains at ₦60.517 trillion (Jan–Dec), profit after tax: ₦5.760 trillion and statutory payments stood at ₦14.7 trillion.

The report indicates that profitability saw dips in some months, with marginal losses recorded early in the year before rebounding strongly between March and June.

It added that operational reliability indicators improved considerably: Upstream pipeline availability: 100%, OB3 pipeline: 96% AKK pipeline: 91%, NNPC Retail (NRL) and station availability: 65%.

The data suggests significant gains in network stability and product distribution efficiency, particularly in the second half of the year.

The company noted that planned maintenance and upgrade works, especially on the Trans Niger Pipeline, AKK, and OB3 gas infrastructure, temporarily affected deliveries, even as

successful completion of key engineering works, including river crossings and welding operations were recorded.