Aramco Reports Strong Q1 Performance Despite Economic Headwinds

Saudi Aramco announced a net income of $26 billion for the first quarter of 2025, a slight decrease of 4.8% from the previous year's $27.3 billion. The energy giant continues to demonstrate financial resilience in the face of global economic uncertainties.

Strategic Investments and Dividends

The company has declared $21.3 billion in total dividends for the quarter and invested $12.5 billion in capital expenditures. Notable ventures include acquiring a 25% stake in Unioil Petroleum Philippines and a 50% interest in Blue Hydrogen Industrial Gases Company, showcasing Aramco's commitment to diversification and innovation.

Financial Health and Future Outlook

With a free cash flow of $19.2 billion and a maintained gearing ratio of 5.3%, Aramco's financial health remains robust. CEO Amin H. Nasser emphasized the company's unique scale, reliability, and low-cost operations as key factors in navigating the volatile energy markets.