Aramco profit drops in Q2 ’25

Saudi Arabia’s Aramco posted a 22 per cent year on year (YoY) drop in second-quarter net profit to $22.7 billion on lower revenue, with free cash flow falling nearly a fifth to $15.2 billion.

Borrowing surged to $92.9 billion from $74.4 billion last year, pushing gearing to 6.5 per cent. The company confirmed $21.3 billion in Q2 dividends – including a small performance-linked payout introduced after 2022’s oil-price windfall – as the Saudi state continues to rely on Aramco for funding.

Crude prices averaged $66.7 per barrel in the quarter, down from $85.7 a year earlier, while Brent was at $68.83 on Monday.

Attribution: Reuters

Subediting: M.S.Salama