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  • In the NewsMarketsOil & Gas

    NNPC Profit Slumps Nearly 80% in July as Revenues Falter Despite Oil Gains

    by Oluwatosin Racheal Alabi August 22, 2025
    by Oluwatosin Racheal Alabi August 22, 2025

    KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …

  • In the News

    Aramco Rewards Shareholders with Record Dividend Despite Profit Slump

    by Victor Adetimilehin March 11, 2024
    by Victor Adetimilehin March 11, 2024

    Saudi Arabia’s oil giant Aramco announced a 30% increase in its dividend payout for 2023, despite a sharp drop in its net profit due to lower oil prices and volumes. …

  • In the News

    Exxon’s Record Profit: How It Beat the Odds in 2023

    by Victor Adetimilehin February 4, 2024
    by Victor Adetimilehin February 4, 2024

    Exxon Mobil, the largest U.S. oil company, surprised analysts and investors by reporting a $36 billion profit for 2023, the highest in its history. The company achieved this feat despite …

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Nigeria’s Oil Boom: Record Production in September 2023

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