10:51 - 12.05.2025

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May 12, Fineko/abc.az. The net profit of Saudi oil company Saudi Aramco in the first quarter of 2025 decreased by 4.6% versus the same period of 2024 and reached $26 billion.

ABC.AZ informs that this follows from company's report.

The volume of capital expenditures increased by 16% for the reported term up to $12.55 billion. Free cash flow declined by 13% to $17.6 billion.

The average selling price of Saudi Aramco oil in the 1st quarter was $76.3 per barrel compared with $83 per barrel a year earlier. Saudi company's dividends for Q1 will amount to $21.1 billion, which is 4.2% more year-on-year.

The head of Saudi Aramco, Amin Nasser, whose words are quoted in the report, noted the impact of global trade dynamics on energy markets in the 1st quarter. According to Nasser, economic uncertainty has affected oil prices.