Aramco, the world’s top oil exporter, has reported adjusted net income of $24.5 billion for the second quarter of this year, while the half-year figure totalled $50.9 billion.
The robust financial performance demonstrated the company’s resilience despite ongoing market volatility, Aramco said.
This performance is further highlighted by cash flow from operating activities, which amounted to $27.5 billion in the second quarter and $59.3 billion for the first half of the year.
The company also reported impressive free cash flow figures of $15.2 billion for Q2 and $34.4 billion for the first half.
However, there was a slight increase in the gearing ratio, which stood at 6.5 per cent as of June 30, 2025, compared to 5.3 per cent as of March 31, 2025.
In light of these results, the board has declared a base dividend of $21.1 billion for Q2 2025, along with a performance-linked dividend of $0.2 billion, both of which are set to be paid in the third quarter.
Aramco maintained a supply reliability rate of 100 per cent in the first half of the year, reinforcing its track record of consistency and stability.
The company is also making significant progress on various projects, including the crude oil increments at Berri, Marjan, and Zuluf, as well as the Jafurah Gas Plant, all of which are on track.
Additionally, the first phase of the Dammam development project has been brought onstream.
In terms of retail operations, Aramco has continued to expand globally, recently introducing premium fuel lines in both Chile and Pakistan.
The company has also signed power purchase agreements to develop new renewable energy projects, capitalising on the Kingdom’s abundant solar and wind resources.
Lastly, the strong global demand for a $5.0 billion bond issuance underscores investor confidence in Aramco's solid financial position, resilience, and long-term strategic outlook.
Amin Nasser, Aramco President & CEO, said: “Aramco’s resilience was proven once again in the first half of 2025 with robust profitability, consistent shareholder distributions and disciplined capital allocation. Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world.
He added: “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. 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.
Nasser concluded: “We continue to invest in various initiatives, such as new energies and digital innovation with a focus on AI – aiming to leverage our scale, low cost, and technological advancements for long-term success.” -OGN / TradeArabia News Service
