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Inpex H1 Crude Oil Output, Sales Drop YOY

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Japanese exploration and production company Inpex Friday posted year-over-year declines in H1 crude oil production and sales volume, resulting in lower revenue despite higher prices.

In the six months ended June 30, crude oil output totaled 65.6 million barrels, down from 72.2 mmbbls in the same period of 2025, as both domestic and overseas production declined.

Accordingly, crude oil sales volume dropped year over year to 55.2 mmbbls from 71.5 mmbbls, with corresponding revenue falling to 694.97 billion Japanese yen ($4.39 billion) from 780.10 billion yen.

During the period, natural gas production also declined year over year to 254.99 billion cubic feet from 259.41 bcf, although sales volume grew to 256.81 bcf from 253.86 bcf. Corresponding revenue rose to 272.00 billion yen from 251.49 billion yen.

Results also showed that electric power generation increased to 1.506 terawatt-hours in H1, compared with 1.177 TWh in the year-ago period.

The company said its Oil & Gas Japan unit generated 112.66 billion yen in revenue during the period, up from 105.91 billion yen a year earlier.

Its Ichthys project in Australia posted $229.26 billion yen in revenue in H1, while other projects overseas recorded $659.20 billion yen. These compared with Ichthys' and other projects' revenue of $194.47 billion yen and $749.21 billion yen, respectively, in the previous year.

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