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Saudi Aramco (2222) Beats Market Expectations Despite Profit Dip, Stock Up by More Than 0.6%, Announces Dividend of SAR 0.3312 Per Share
SAUDI ARAMCO -1.04%
Tadawul All Shares Index -1.30%
Energy -1.02%
SAUDI ARAMCO 2222.SA | 23.75 | -1.04% |
Tadawul All Shares Index TASI.SA | 10452.91 | -1.30% |
Energy TENI.SA | 4530.19 | -1.02% |
Saudi Arabian Oil Co.(2222.SA) has announced its first quarter 2025 financial results, demonstrating resilience despite ongoing global economic uncertainty affecting energy markets. The oil giant also declared dividends for shareholders based on Q1 2025 performance and 2024 full-year results.
Financial Performance Highlights
- Net Profit: SAR 97.54 billion ($26.01 billion), exceeding analyst expectations (16 analysts) of $25.36 billion but representing a 4.6% decrease compared to Q1 2024 (SAR 102.27 billion)
- Total Revenue: SAR 405.65 billion ($108.17 billion), showing a modest 0.9% increase from Q1 2024
- Operational Profit: SAR 191.36 billion, down 5.3% year-on-year
Dividend Announcement
Aramco has declared a total dividend of SAR 80.11 billion ($21.36 billion), consisting of:
- Base Dividend: SAR 79.29 billion ($21.14 billion)
- Performance-linked Dividend: SAR 0.82 billion ($0.22 billion)
This translates to SAR 0.3312 per share, with the eligibility date set for May 21, 2025, and distribution scheduled for May 29, 2025.
Key Performance Drivers
Revenue Growth Factors
- Higher volumes of gas and refined chemical products sold
- Increased traded volumes of crude oil
- These gains were partially offset by lower prices for refined products and crude oil compared to Q1 2024
Quarter-on-Quarter Improvement
When compared to Q4 2024, Aramco showed significant improvements:
- 3.2% increase in revenue
- 16.4% increase in net profit
- 10.4% jump in operational profit
This improvement was primarily driven by higher crude oil prices, increased traded volumes, and better refined and chemical product prices.
Management Perspective
CEO Amin Nasser highlighted the company's resilience: "Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices. Such periods also highlight the importance of disciplined capital planning and execution while we continue to take a long-term view. In volatile times Aramco's resilience underpins both our financial performance and our sustainable and progressive base dividend."
The results underscore Aramco's competitive advantage through its low-cost operations, allowing it to maintain strong financial performance despite market volatility and economic headwinds in the global energy sector.
Financial Data by Tadawul
| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 405.65 | 402.04 | 0.897 | 392.92 | 3.239 |
| Gross Profit (Loss) | - | - | - | - | - |
| Operational Profit (Loss) | 191.36 | 202.05 | -5.29 | 173.31 | 10.414 |
| Net profit (Loss) | 97.54 | 102.27 | -4.625 | 83.78 | 16.423 |
| Total Comprehensive Income | 97.25 | 103.63 | -6.156 | 80.36 | 21.017 |
| All figures are in (Billions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,473.62 | 1,523.71 | -3.287 |
| Profit (Loss) per Share | 0.4 | 0.43 | |
| All figures are in (Billions) Saudi Arabia, Riyals | |||
