Aramco expects dividend payout of SAR 320.4B in 2025

In an emailed statement to Argaam, Aramco said this dividend will cover Q1 2025. Dividends, with the related amounts and record dates, will be announced for the rest of 2025 if approved by the board of directors at its sole discretion. This will take into consideration the company’s financial position and ability to fund commitments, including growth capital plans, in accordance with the company’s dividend distribution policy.

This will take into consideration the company’s financial position and ability to fund commitments including growth capital plans, in accordance with the company’s dividend distribution policy.

Capital investment reached SAR 199.9 billion ($53.3 billion) in 2024, including SAR 189 billion ($50.4 billion) in organic capex.

The oil giant's 2025 capital investment guidance ranges between SAR 195 billion ($52 billion) to SAR 217.5 billion ($58 billion), excluding around SAR 15 billion ($4 billion) of project financing.

The company made progress to deliver growth strategy across upstream and downstream, with potential additional operating cash flows of SAR 34 billion ($9 billion) to SAR 38 billion ($10 billion) from growth in Aramco’s upstream gas business (subject to future sales gas demand and liquids prices). This is in addition to SAR 30 billion ($8 billion) to SAR 38 billion ($10 billion) from growth in its downstream business by 2030 (based on five-year historical average refining and chemicals margins, expected upside from transformation programs and SABIC synergies).

Aramco’s spare capacity provides flexibility to help meet potential oil demand growth. If called upon, utilizing one million barrels per day of existing spare capacity could generate an additional $12 billion in operating cash flow (in line with internal analysis, which is indicative, and may change over time and may not be precise), based on 2024’s average price.

Saudi Aramco posted a net profit, after minority interest, of SAR 394.5 billion for 2024, a decline of 13% from SAR 452.8 billion a year earlier. In Q4 2024, Aramco generated a net income after minorities of SAR 87.3 billion, according to Argaam data.

The company announced the payment of base dividend and performance-linked dividend of SAR 80.10 billion ($21.36 billion), at SAR 0.3312 per share, for Q4 2024.