Angola’s state-owned oil firm, Sonangol, has reported a net profit of more than $750 million in 2025 as its oil and gas production averaged 217,000 barrels of oil equivalent per day (boepd).
At a press conference on Wednesday, the energy firm disclosed its financial and operational performance, outlining earnings and output levels from its upstream activities.
The profit figure places the company among Africa’s stronger performing national oil firms, at a time when crude producers are navigating price shifts and investment demands.
Angola is Africa’s third largest crude oil producer, and Sonangol manages the country’s participation across exploration, production, refining and marketing.
The company stated that its net earnings surpassed $750 million, while production reached 217,000 barrels of oil equivalent per day, commonly referred to as BOEPD.
Oil output remains central to Angola’s economy, providing about 70% of export revenues and supporting public finances.
How Sonangol’s output fits into Angola’s oil sector
Angola’s crude sector has faced natural decline from ageing offshore fields in recent years. As a result, maintaining stable production levels has required sustained investment in field redevelopment, enhanced recovery techniques and new exploration campaigns.
Sonangol plays a dual role in this structure, acting both as concessionaire and commercial operator in selected assets. T
he company’s production figure therefore offers insight into its direct contribution to national output.
The reported net profit of over $750 million provides a measure of the company’s financial standing.
National oil companies often balance commercial targets with state policy objectives, including fuel supply, infrastructure funding and participation in strategic projects.
Stronger earnings can improve internal cash flow and reduce reliance on external borrowing for capital intensive upstream developments. In addition, profitability supports Angola’s broader fiscal position, given the sector’s importance to government revenue.
Sonangol’s performance comes as African oil producers continue efforts to manage mature assets while seeking fresh investment in new blocks.
Meanwhile, global crude markets remain sensitive to shifts in demand, supply discipline among exporting countries and energy transition policies in major consuming regions.
For Angola, steady output and positive earnings from its national oil company remain closely linked to economic stability and foreign exchange inflows.
Sonangol did not provide further breakdown of revenue streams during the press conference, but confirmed the headline profit and production figures as part of its performance disclosure.
