NNPC Limited Records ₦5.4 Trillion Profit After Tax on ₦45.1 Trillion Revenue for 2024
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a Profit After Tax (PAT) of ₦5.4 trillion on a total revenue of ₦45.1 trillion for the 2024 financial year — a landmark performance that underscores the company’s strengthened operational efficiency and financial resilience.
This impressive result reflects robust growth across the company’s upstream, midstream, and downstream operations, driven by improved crude oil production, enhanced refining activities, and expanded trading operations.
According to NNPC Limited, the performance demonstrates the continued impact of reforms aimed at repositioning the national oil company as a commercially viable, globally competitive energy player.
The company described the 2024 outcome as one of its strongest financial years, crediting improved transparency, accountability, strategic partnerships, and digital transformation initiatives for the turnaround.
NNPC Ltd reaffirmed its commitment to sustaining this growth trajectory, improving energy security, and delivering long-term value to Nigerians.
NNPC Limited Records ₦5.4 Trillion Profit After Tax on ₦45.1 Trillion Revenue for 2024