Saudi Aramco reported a net income of $22.7 billion for the second quarter of 2025 on Tuesday, plunging 22% from the figure revealed for the same period a year ago. The result missed the estimates, as the company cited the impact of lower crude oil prices and lower refined and chemical products prices.
Revenue and other income related to sales decreased by 5% to arrive at $108.6 billion, while free cash flow clocked in at $15.2 billion this quarter. Aramco declared $21.1 billion in base dividends for the quarter and an additional $219 million in performance-linked dividends, while investing $12.3 billion in capital expenditures.
"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," CEO Amin Nasser commented in the report.
