Saudi Aramco reported a robust net profit of SR97.54 billion ($26 billion) for Q1 2025, beating expectations despite softer oil prices. The 16.4% quarterly rise was fueled by disciplined spending, downstream expansion, and strategic diversification, though earnings dipped from $27.3 billion a year earlier.
CEO Amin Nasser cited Aramco’s resilience, low-cost operations, and tech-driven efficiency as key strengths. The firm posted SR405.65 billion in revenue, with operating cash flow of $31.7 billion and free cash flow of $19.2 billion.
Capital expenditure rose to $12.5 billion as Aramco accelerated investments in upstream, downstream, and new energy—including blue hydrogen and carbon capture. A base dividend of $21.1 billion was declared, alongside a $219 million performance-linked dividend.
The company also advanced major projects, including gas expansion and the launch of a COâ‚‚ direct air capture pilot. CFO Ziad Al-Murshed said refining and chemicals accounted for 56% of crude output, and forecast billions in added value from new gas and oil capacity by year-end.