PRESSR: Saudi Aramco announces Q3 2025 results

  • Adjusted net income 1: SAR 104.9 billion (USD 28.0 billion) (Q3 2024: SAR 104.0 billion / USD 27.7 billion)
  • Cash flows from operating activities: SAR 135.4 billion (USD 36.1 billion) (Q3 2024: SAR 132.1 billion / USD 35.2 billion)
  • Free cash flows 1: SAR 88.4 billion (USD 23.6 billion) (Q3 2024: SAR 82.5 billion / USD 22.0 billion)
  • Debt ratio 1: 6.3% as of September 30, 2025, compared to 6.5% as of June 30, 2025
  • The Board of Directors announced a basic dividend for the third quarter of 2025 of SAR 79.3 billion (USD 21.1 billion), and a performance-related dividend of SAR 0.8 billion (USD 0.2 billion), payable in the fourth quarter.
  • The announcement of the planned investment in Humane highlights the digital strategy and opens up new possibilities for value creation.
  • The targeted growth in sales gas production capacity has been revised upwards from over 60% to approximately 80% by 2030 compared to 2021 production levels, resulting in a projected total of approximately six million barrels of oil equivalent per day for associated gas and liquids.
  • The completion of the SAR 41.8 billion (USD 11.1 billion) Jafurah processing and transportation projects deal demonstrates the attractive investment value of Saudi Aramco's expansion in the unconventional gas sector.
  • The initial investment and establishment of Fujian Sinopec Aramco Refining and Petrochemical Co., Ltd. reflects progress in the strategic expansion business in the refining, chemicals, and marketing sector.
  • The strong demand for the SAR 11.25 billion (USD 3.0 billion) international sukuk issuance highlights investor confidence in Saudi Aramco's financial resilience and strong financial position.

Commenting on these results, Saudi Aramco President and CEO, Amin H. Nasser, said: “Saudi Aramco’s performance in the third quarter has once again demonstrated its ability to adapt to new market realities, thanks to God. We increased production at a minimal additional cost and reliably supplied the oil, gas, and related products that our customers depend on, which contributed to strong financial performance and quarterly profit growth.”

"We are also continuing to enhance our capabilities in the exploration and production sector, with a number of major oil and gas projects having recently been completed or scheduled to come online soon. Today, we are announcing an upward revision of our sales gas outlook, as we are now targeting an 80% growth in sales gas production capacity between 2021 and 2030, leveraging our advanced capabilities. Part of this comes from the expansion of the unconventional gas project in Jafurah, which has attracted significant interest from international investors."

"Our strategy remains focused on value-enhancing growth while meeting increasing energy demand, achieving close integration across our businesses, and leveraging technological advancements to explore new business opportunities. This approach is supported by our use of advanced AI solutions and investment in digital infrastructure, and we expect our plan to acquire a significant minority stake in Humane to further foster innovation and progress in the dynamic and rapidly evolving AI sector."

Key financial results

All amounts are in millions unless otherwise stated.

Third quarter

2025

Second quarter

2025

Third quarter

2024

nine months

2025

nine months

2024

Net income

101,015

85,022

103,365

283,580

314,646

$

26,937

22,673

27,564

75,621

83,906

Adjusted Net Income 1

104.92 3

92,041

103,997

295.6 79

316,044

$

27.9 79

24,544

27,733

78,847

84,279

capital expenditures

47,081

46,158

49,593

140,298

135,705

$

12,555

12,309

13,225

37,413

36,188

Free cash flows 1

88,364

57,126

82,465

217,339

238,908

$

23,563

15,233

21,990

57,956

63,709

Basic dividends paid

79,291

79,290

76,059

237,863

228,263

$

21,145

21,144

20,282

63,431

60,870

Performance-related dividends paid

822

822

40,388

2,466

121,204

$

219

219

10,770

657

32,321

Return on average invested capital 2.1

%

18.4%

18.7%

20.8%

18.4%

20.8%

Average price of crude oil

US Dollar/Barrel

70.1

66.7

79.3

71.0

82.7

1. Measure not included in International Financial Reporting Standards: For further details, please refer to the section on conformity and definitions of measures not included in the requirements of International Financial Reporting Standards.

2. It is calculated on a continuous basis for a period of 12 months.

Saudi Aramco will discuss its financial results for the third quarter of 2025 via webcast on November 4, 2025, at 3:00 PM Riyadh time, 12:00 PM London time, and 7:00 AM New York time. You can watch the webcast at: ( https://www.aramco.com/investors )

For contact:

Media Relations: media.inquiries@aramco.com

Investor Relations: investor.relations@aramco.com

@saudi_aramco

About Saudi Aramco:

Saudi Aramco is a leading integrated global energy and chemicals company. Our global team continues to make an impact across all our businesses, from supplying the world with vital oil to developing new energy technologies. Saudi Aramco is committed to the reliability and sustainability of its resources, which helps drive growth and productivity worldwide. https://www.aramco.com/ar

-I finish-

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