The incident occurred on Thursday, October 15, 2026, raising concerns over the safety of residents and the potential impact on homes, businesses and the surrounding environment

The company said the investment decisions reflect the growing potential of Nigeria’s energy sector, particularly natural gas, while reaffirming its long-term commitment to the country after seven decades of downstream operations and 67 years in the upstream sector.

Ojulari, who was accompanied by the Company's Group Chief Finance Officer (CFO), Dapo Segun, presented the statement which delivered impressive results that include ₦7.2 Trillion Profit After Tax (a 33% rise compared to ₦5.4 trillion in 2024); ₦5.8 Trillion dividend and ₦34.5 trillion revenue.

The 2026 edition, scheduled to hold at the Lagos Oriental Hotel under the theme, “Secure Energy, Shared Prosperity,” comes amid continuing concerns over energy costs, economic pressures and the need to ensure that petroleum sector reforms translate into measurable improvements in the lives of Nigerians.

The company, however, clarified that the initiative is a temporary customer relief measure and does not represent a return to petroleum subsidy or a reversal of the Federal Government's market-based fuel pricing policy.