The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted a record ₦5.08 trillion in revenue for October 2025, driven largely by a rise in natural gas production, even as crude oil output edged slightly lower.

NNPC reported that natural gas production increased to 6.99 million standard cubic feet per day (mscfd) in October, up from 6.28 mscfd in September. Meanwhile, crude oil and condensate output dipped to 1.58 million barrels per day (bpd) from 1.61 million bpd the previous month.

The company also recorded a profit after tax (PAT) of ₦447 billion, representing a remarkable 107% increase compared to September’s ₦216 billion. The growth reflects the company’s diversified operations and effective management of intercompany transactions.

Despite challenges such as maintenance activities, delayed operations in certain oil mining leases, and seasonal disruptions, NNPC’s performance demonstrates its resilience and strategic focus on both oil and gas sectors.

Analysts highlight that the surge in gas production underscores NNPC’s growing emphasis on natural gas as a key revenue driver, helping to offset fluctuations in crude oil output. Visit www.jocomms.com for more news.