Saudi Aramco Q2 2025 Financial Performance Overview

Saudi Aramco announced a significant 22% decline in net income for the second quarter of 2025, totaling $22.7 billion, compared to the previous year. This performance fell short of market expectations, attributed primarily to the downturn in crude oil prices and reduced prices for refined and chemical products.

Revenue and Dividends

The company's revenue and other income related to sales saw a 5% decrease, landing at $108.6 billion. Despite these challenges, Aramco reported a free cash flow of $15.2 billion for the quarter. In a move to reassure investors, the company declared $21.1 billion in base dividends alongside an additional $219 million in performance-linked dividends.

Investment and Market Outlook

Aramco continues to invest heavily in its future, with capital expenditures reaching $12.3 billion this quarter. CEO Amin Nasser remains optimistic about the market fundamentals, projecting an increase in oil demand by more than two million barrels per day in the latter half of 2025 compared to the first half.