Saudi Aramco announced on Tuesday its second-quarter and half-year 2025 financial results, reporting a net profit of $22.67 billion for Q2, down from $29.07 billion in Q2 2024. For H1 2025, net profit stood at $48.68 billion, down from $56.34 billion a year earlier.
“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,” said Aramco President & CEO Amin H. Nasser.
Board declares Q2 2025 base dividend of $21.1 billion
The oil giant’s adjusted net income reached $24.5 billion in the second quarter of 2025 and $50.9 billion in the first half of 2025. The results mark a decline from an adjusted net income $56.54 billion in H1 2024, largely due to lower revenue on softer oil prices.
Saudi Aramco’s cash flow from operating activities reached $27.5 billion in Q2 and $59.3 billion in H1 2025. Meanwhile, free cash flow reached $15.2 billion in Q2 and $34.4 billion in H1.
The company’s board declared a Q2 2025 base dividend of $21.1 billion and a performance-linked dividend of $0.2 billion, to be paid in the third quarter.
“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,” added Nasser.
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Average realized crude oil price declines to $66.7 a barrel in Q2
Aramco’s average realized crude oil price was $66.7 a barrel in the quarter, down from $85.7 in the second quarter of 2024 and $76.3 in the first quarter of this year. However, the company maintained a supply reliability of 100 percent in H1, holding onto its strong track record of consistency and stability.
“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,” added Nasser.
Saudi Aramco also revealed that progress at the Berri, Marjan and Zuluf crude oil increments, and the Jafurah Gas Plant is on track. Phase one of Dammam development project was also brought onstream. Global retail momentum continued with the introduction of premium fuel lines in Chile and Pakistan, the company added.
It also highlighted the signing of power purchase agreements to develop new renewables projects, capitalizing on the Kingdom’s advantaged solar and wind resources.
Finally, Saudi Aramco noted that the strong global demand for the $5.0 billion bond issuance highlights investor confidence in the company’s strong financial position, resilience and long-term strategy
