Saudi Aramco’s Profit Falls by 22% on Lower Oil Prices
Saudi Aramco reported a 22% decline in net profit for the second quarter of 2025, as lower crude oil prices and weaker refined product prices continued to weigh on the energy giant’s earnings.
According to its earnings report, the company registered a net income of $22.67 billion (85.02 billion riyals) in Q2, compared to $29.07 billion (109.01 billion riyals) in the same period a year earlier.
Total revenue and other sales-related income fell to $108.6 billion (407.1 billion riyals), from $114.6 billion (429.6 billion riyals) in the first quarter. The decline was primarily driven by weaker revenue, partially offset by a modest rise in other income.
“The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical products prices, partially offset by higher volumes sold of refined and chemical products compared to the previous quarter,” Aramco statement added.
Commenting on the results, Aramco President and CEO Amin H. Nasser said the company maintained reliable energy supplies amid geopolitical uncertainty.
“Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than 2 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,” he added. Nigeria’s Price Inflation Eases to Weakest Since May 2023 – PMI
