Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) logged net profits amounting to SAR 97.54 billion in the first quarter (Q1) of 2025, an annual decline of 4.62% from SAR 102.27 billion.
Earnings per share (EPS) recorded SAR 0.40 at the end of March 2025, versus SAR 0.43 in Q1-24, according to the financial results.
The revenues went up by 0.89% year-on-year (YoY) to SAR 405.65 billion in Q1-25 from SAR 402.04 billion.
Quarterly, the Q1-25 net profits climbed by 16.42% from SAR 83.78 billion in Q4-24, while the revenues grew by 3.23% from SAR 392.92 billion.
Aramco’s President and CEO Amin Nasser, said: “Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices. In this context, Aramco’s robust financial performance once again demonstrated the company’s unique scale, its reliability and flexibility, the value of its low-cost operations, and its emphasis on efficiency and advanced technology.”
“With all forms of energy key to meeting energy demand we continue to advance our growth strategy across Upstream, Downstream and New Energies, while working to reduce emissions,” Nasser highlighted.
He added: “Our ambition is reflected in milestones already announced in 2025, including progress towards our gas production growth target, our global retail expansion, the advancement of our petrochemicals strategy, headway in blue hydrogen business development, and further innovation in carbon capture.”
Dividends
Saudi Aramco announced total dividends of SAR 80.11 billion ($21.36 billion) for Q1-25, in line with its dividend policy aiming to deliver a sustainable and progressive dividend.
The oil giant will disburse SAR 0.33 per share for 241.88 billion eligible shares on 29 May 2025.
Nasser commented: “Such periods also highlight the importance of disciplined capital planning and execution while we continue to take a long-term view. In volatile times Aramco’s resilience underpins both our financial performance and our sustainable and progressive base dividend.”
Last year, Aramco’s net profits dropped by 12.39% to SAR 398.42 billion ($106.25 billion) from SAR 454.76 billion ($121.27 billion) in 2023.
