DUBAI: Saudi Aramco, the world’s largest oil exporter, reported a 22% decline in net profit for the second quarter of 2025, primarily due to a drop in crude oil prices and overall revenue.
The company posted a net profit of \$22.7 billion for the three months ending June 30, falling short of the \$23.7 billion median estimate from 17 analysts surveyed by Aramco.
Aramco’s average realised crude oil price stood at \$66.7 per barrel during the quarter, a steep decline from \$85.7 in Q2 of 2024 and \$76.3 in the first quarter of 2025.
Despite the profit decline, Aramco confirmed a \$21.3 billion dividend payout for Q2, including approximately \$200 million in performance-linked dividends—a mechanism introduced in response to 2022’s oil price surge following Russia’s invasion of Ukraine.
Earlier this year, Aramco announced total expected dividends of \$85.4 billion for 2025, marking a 37% drop from the previous year’s \$124 billion payout, reflecting the broader softening in global oil markets.
By Reuters
