Heritage Petroleum Posts Lowest Profit in Four Years Amid Lower Oil Prices

Heritage Petroleum's profit fell to $817 million in the year ended September 30, 2025, its lowest annual profit in four years. The decline in revenue reflects a 13% reduction in average crude oil prices over the period.

The company generated $7.25 billion in revenue in 2025, down from $8.25 billion a year earlier. Despite this, Heritage continued to execute its national mandate with resilience and discipline.

Heritage contributed in excess of $2.2 billion in taxes and levies to the Government during FY 2025, reinforcing its role as a significant and dependable source of public revenue.