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Aramco registers marginal jump in third quarter profit

4 November 2025

Saudi Aramco has registered a 0.9% jump in third-quarter 2025 profit on the back of higher production, even as oil prices remained under pressure.

The Saudi energy giant’s adjusted net income in the third quarter stood at $28bn compared to $27.7bn in the same period of last year.

The company recorded revenues of $111.5bn in the third quarter versus $109.66bn in the same period last year.

“We increased production with minimal incremental cost, and reliably supplied the oil, gas and associated products our customers depend on, driving strong financial performance and quarterly earnings growth,” Aramco president and CEO Amin Nasser said.

The world’s largest oil company reported a free cash flow of $23.6bn compared with $22bn a year earlier.

Aramco’s board also declared the 2025 base dividend of $21.1bn and performance-linked dividend of $200m to be paid in the fourth quarter.

Aramco’s capital expenditure (capex) in the third quarter of 2025 stood at $12.55bn, a marginal year-on-year increase of 2%. For the first nine months of the year, the firm registered capex of $37.41bn, an increase of 3.38% compared to the same period of last year.

The company had earlier announced a capital investment guidance in the range of $52bn to $58bn for 2025, excluding around $4bn of project financing.

The results come as Aramco faces a profit squeeze amid weaker oil prices, except for a short-lived surge in the second quarter triggered by tensions between Israel and Iran.

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Indrajit Sen

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