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TheCable

NNPC says June profit rose 15.8% to N535 billion

AI Market Summary
NNPC reported higher June profit and slightly higher revenue, while crude output edged down amid operational disruptions. Gas production continued to rise and key pipeline projects (OB3, AKK) neared completion, supporting incremental Nigerian gas availability into 2026. The news is most relevant to regional LNG and gas supply dynamics, with limited immediate spillover to broader global energy pricing absent clearer export volume guidance.
Impact level
● Low
Affected assets
NCCO7241NATGAS2USD/USDT-0.72%
AI Insight · NCCO7241NATGAS2USD/USDTAI Insight
● Neutral
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NNPC reported profit after tax of N535 billion in June, up 15.8% from N462 billion in May. The company said June revenue rose 1.15% to N4.38 trillion from N4.33 trillion a month earlier. Natural gas production increased to 7.84 million standard cubic feet per day (mmscf/d), while crude oil and condensate output edged down to 1.72 million barrels per day (bpd).
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