Saudi Aramco profit drops 12% in 2025 as oil prices slide

Saudi Arabia’s state-owned oil giant, Aramco, reported a decline in net profit for 2025, citing lower prices for crude oil and refined products during the year.

The company said its net profit fell 12 per cent compared with 2024, dropping from SAR394 billion (about $105 billion) to SAR348 billion (about $93 billion). Total revenue also declined, slipping from SAR1.64 trillion ($437 billion) in 2024 to SAR1.56 trillion ($416 billion) in 2025.

According to the company, the fall in oil prices weighed on earnings, although the impact was partly offset by an increase in oil production.

Global oil prices experienced a significant decline over the course of 2025. The price of Brent crude fell by around $20 between January and December of last year, and entered 2026 trading below $65 per barrel.

Oil markets have become increasingly volatile this year amid the ongoing conflict involving the US and Israel against Iran, which has effectively led to the closure of the shipping lane through the Strait of Hormuz. The disruption has raised concerns about global energy supplies.

Oil prices surged at the start of the week, with crude nearing $120 per barrel on Monday before retreating to below $100. The pullback came partly after suggestions that the Group of Seven countries could release oil from their strategic reserves, as well as comments from US President Donald Trump indicating that Washington was close to achieving its objectives in the war.

On Tuesday morning, March 10, Saudi Aramco said its board had approved a share buy-back program. The company plans to purchase 350 million shares from the market and retain them as treasury shares, with the intention of allocating the stock to an employee share plan.

By Tamilla Hasanova