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Energy giant Saudi Aramco reported a stronger-than-expected first-quarter net profit of 97.54 billion riyals ($26bn), highlighting resilience amid weaker oil prices and reinforcing its focus on efficiency and diversified strategic growth.
The net income marked a 16.42 per cent increase in the first three months of 2025 from $22.34bn in the previous quarter, although it was down from $27.27bn a year earlier. The company’s overall revenue in the first quarter stood at 405.65bn riyals, marking a 3.23pc quarter-on-quarter increase.
The oil giant cited disciplined capital spending, robust operations, and continued downstream expansion as key drivers of its performance.
The company’s operating cash flow reached $31.7bn, down from $33.6bn in the first quarter of 2024, while free cash flow stood at $19.2bn.
Aramco’s capital expenditures rose to $12.5bn as the company continued to invest in long-term strategic projects, including lower-carbon initiatives.
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