Riyadh – Mubasher: The net profits of Saudi Arabian Oil Company (Aramco) dropped by 13.58% to SAR 182.57 billion in the first half (H1) of 2025 from SAR 211.28 billion in H1-24.

Revenues fell by 5.22% year-on-year (YoY) to SAR 784.48 billion as of 30 June 2025 from SAR 827.75 billion, according to the financial statements.

Earnings per share (EPS) amounted to SAR 0.75 in H1-25, down from SAR 0.87 in H1-24.

Financials for Q2-25

In the second quarter (Q2) of 2025, the oil giant recorded an annual drop of 22%% in net profit to SAR 85.02 billion, compared to SAR 109.01 billion.

The revenues shrank by 11.01% to SAR 378.83 billion in Q2-25 from SAR 425.71 billion a year earlier.

Quarterly, the Q2-25 net profits retreated by 12.83% from SAR 97.54 billion in Q1-25, while revenues declined by 6.61% from SAR 405.65 billion.

Cash Dividends

Saudi Aramco declared total cash dividends amounting to SAR 80.11 billion ($21.36 billion), including base dividends for Q2-25 valued at SAR 79.29 billion ($21.14 billion).

The company will disburse a total of SAR 0.3312 per share for 241.88 billion eligible shares

Eligibility and payment dates for the dividends will be 19 and 28 August, respectively.

Amin Nasser, President and CEO of Aramco, commented: “Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world.”

“Market fundamentals remain strong and we anticipate oil demand in H2-25 to be more than two million barrels per day higher than the H1,” Nasser added.

He concluded: “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.”