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
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