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Arab News
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Saudi Aramco posts $24.5bn in Q2 profit, maintains steady dividends
RIYADH: Saudi Aramco reported adjusted net income of $24.5 billion for the second quarter of 2025, underlining its resilience in the face of market volatility and softer crude prices. For the first half of the year, adjusted net income stood at $50.9 billion, supported by consistent operational reliability and steady shareholder returns, the company said in a press release. Cash flow from operating activities came in at $27.5 billion for the quarter and $59.3 billion for the half-year period, while free cash flow reached $15.2 billion in the second quarter and $34.4 billion over the six-month span. Aramco's board declared a base dividend of $21.1 billion and a performance-linked dividend of $200 million for the second quarter, both set to be paid in the third quarter. In a statement, Amin Nasser, president and CEO of Aramco, said: 'Aramco's resilience was proven once again in the first half of 2025 with robust profitability, consistent shareholder distributions and disciplined capital allocation.' He added: 'Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world.' Saudi Aramco reported a second-quarter net profit of $22.67 billion, down from $26.01 billion in the previous quarter and $29.07 billion a year earlier, as weaker oil prices trimmed top-line earnings. For the first half of 2025, net profit stood at $48.68 billion, highlighting Aramco's resilience amid market volatility and geopolitical uncertainty. Revenue declined from both the previous quarter and the year-ago period, as average realized crude oil prices fell to $66.7 per barrel from $76.3 in the first quarter and $85.7 in the second quarter of 2024. Nevertheless, Aramco maintained 100 percent supply reliability and pushed forward with key upstream projects. 'Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half,' Nasser added. 'Our long-term strategy is consistent with our belief that hydrocarbons will continue to play a vital role in global energy and chemicals markets, and we are ready to play our part in meeting customer demand over the short and the long term.' Aramco continued to advance the Berri, Marjan and Zuluf crude oil increments and confirmed that the Jafurah Gas Plant remains on track. Phase one of the Dammam development project was also brought onstream during the period.
