The Nigerian National Petroleum Company (NNPC) Limited recorded a 54.5 per cent rise in Profit After Tax (PAT) in August 2026, up from N279 billion in July to N431 billion.
This is contained in the company’s monthly operations and financial report for August 2026. Revenue for the month stood at N3.74 trillion, compared with N3.09 trillion in July.
The company also recorded a 19.89 per cent increase in cumulative statutory payments, from N7.91 trillion for January to July to N9.49 trillion for January to August. On operations, crude oil and condensate production rose to 1.69 million barrels per day in August from 1.68 million barrels per day in July.
The August figure comprised about 1.43 million barrels per day of crude and 0.25 million barrels per day of condensate, compared with 1.44 million and 0.24 million, respectively, in July.
According to the report, the improvement followed the resolution of SBM-related incidents on Floating Production Storage and Offloading (FPSO) vessels. It was moderated by deferments from drilling activities, equipment and facility maintenance, gas curtailment, pipeline and flowline integrity issues, and tank-top and offtake constraints.
