Saudi Aramco's net profit drops 4.6% amid global economic uncertainty

Saudi oil giant Saudi Aramco reported a 4.6% year-on-year decline in net profit for the first quarter of 2025, amounting to $26 billion, according to the company's financial report.

Capital expenditures rose by 16% over the reporting period, reaching $12.55 billion, while free cash flow decreased by 13%, totalling $17.6 billion, Caliber.Az reports, citing foreign media.

Saudi Aramco's average selling price for oil in the first quarter was $76.3 per barrel, down from $83 per barrel a year earlier. Despite the profit decline, Aramco announced first-quarter dividends of $21.1 billion, marking a 4.2% increase year-on-year.

Saudi Aramco CEO Amin Nasser, as quoted in the report, highlighted the impact of global trade dynamics on energy markets in the first quarter. He noted that economic uncertainty had affected oil prices.

By Khagan Isayev