Saudi Aramco reported a net profit of SR85 billion ($22.67 billion) for Q2 2025, underscoring its financial strength amid market volatility. For the first half of the year, net profit reached SR183 billion, supported by strong cash flows and consistent shareholder payouts.
The board declared a base dividend of SR79.1 billion and a performance-linked dividend of SR0.8 billion, both payable in Q3.
CEO Amin Nasser highlighted Aramco’s resilience and reliability, despite geopolitical headwinds. However, quarterly profit declined from SR97.5 billion in Q1 and SR109 billion a year ago, largely due to falling oil prices—averaging $66.7 per barrel in Q2.
Adjusted net income stood at SR91.9 billion for the quarter, with cash flow from operations at SR103.1 billion. Free cash flow reached SR57 billion in Q2 and SR129 billion for H1 2025.
Nasser reaffirmed confidence in Aramco’s strategy, citing a gearing ratio of just 6.5% and ongoing efficiency initiatives. CFO Ziad Al-Murshed noted dividend payouts increased 13% over three years.
Aramco sees oil demand rising by over 2 million barrels/day in H2 2025. The company continues expanding upstream projects like Marjan and Jafurah, while advancing downstream growth and sustainability investments, including solar, wind, and hydrogen projects.
Nasser emphasized hydrocarbons will remain key to global energy needs while investing in carbon capture and AI-driven innovation.