Saudi Aramco on Tuesday reported full-year 2025 earnings that beat analysts’ estimates, as traders watch whether or not the world’s largest crude exporter can capitalize on surging oil costs amid the Iran conflict.
The Saudi state oil big reported a full‑yr adjusted internet revenue of $104.7 billion, which it described as “strong development” regardless of a yr of oil‑worth volatility.
Fourth‑quarter adjusted revenue got here in at $25.1 billion, barely above the median consensus estimate of $24.8 billion compiled by the corporate.
Free money movement for the yr reached $85.4 billion.
The corporate additionally declared a base dividend of $21.89 billion for the fourth quarter, up 3.5% from a yr earlier, to be paid within the first quarter of 2026. The corporate stays one of many world’s greatest dividend payers and an important supply of revenue for the Saudi state.
Whole shareholder distributions for the yr reached $85.5 billion, as the corporate continued to prioritize payouts regardless of easing crude costs in 2025.
Aramco additionally introduced a share buyback program of as much as $3 billion over 18 months.
Shares of Aramco have risen sharply in current periods as oil costs surged amid fears of provide disruptions within the Center East.
Money movement
Aramco generated $136.2 billion in working money movement final yr, pushed by what the corporate stated was regular manufacturing and robust downstream outcomes. Capital investments totaled $52.2 billion, according to firm steerage and barely under 2024 ranges.
“Our disciplined capital allocation, mixed with decrease‑price and extremely dependable operations, drove robust monetary efficiency in a yr marked by worth volatility,” CEO Amin Nasser stated within the earnings launch.
Crude costs throughout 2025 fell to $69.2 per barrel, from $80.2 in 2024, reflecting a softer oil market and rising international provide. In current days, although, crude spiked to almost $120 per barrel as conflict within the Center East escalated.
