NNPC’s profit after tax (PAT) for 2024 is a whopping N5.4 trillion, marking a 64% increase from the previous year. This impressive growth is attributed to an 88% jump in revenue, reaching N45.1 trillion. The company’s strong financial performance is a testament to its ongoing transformation and commitment to delivering value to Nigerians.
Key Highlights:
– Revenue Growth: N45.1 trillion, up 88% from the previous year
– Profit After Tax: N5.4 trillion, up 64% from the previous year
– Earnings Per Share: N27.07, up 64% from the previous year
NNPC’s Group Chief Executive Officer, Bashir Bayo Ojulari, expressed confidence in the company’s future, stating that they are positioned for even better performance in 2025. The company plans to invest $60 billion in the energy sector by 2030, focusing on crude oil production, gas supply, and cleaner energy.
