A look at research firm views on Aramco’s Q2 2025 results

10/08/2025 Argaam
Logo of Saudi Arabian Oil Co. (Saudi Aramco)

Logo of Saudi Arabian Oil Co. (Saudi Aramco)


A number of local and international research firms issued their ratings and target price estimates for Saudi Arabian Oil Co. (Saudi Aramco) stock after Q2 2025 financial results.

 

Most analysts views were positive amid the company’s exceptional performance amid volatile global conditions.

 

Saudi Aramco posted an adjusted net profit of SAR 92 billion for Q2 2025, up 3.6% compared to analyst forecasts. This came as oil prices posed challenges to all energy players, as figures showed that Aramco’s performance beat expectations.

 

All research firms reiterated their previous ratings for Saudi Aramco stock, with 10 assigning a “Buy” rating and nine placing a “Neutral”.

 

Analyst

Rating

TP (SAR)

Bank of America

Buy

34.7

RBC

Neutral

32

SNB Capital

Buy

31.8

Al Rajhi Capital

Buy

31

Jefferies

Buy

31

Barclays

Buy

31

BSF Capital

Buy

30

Arqaam Capital

Neutral

30

EFG-Hermes

Buy

30

AlJazira Capital

Buy

29.6

Goldman Sachs

Buy

29

Morgan Stanley

Neutral

28.5

HSBC

Neutral

28.5

JP Morgan

Buy

28

Kepler

Neutral

27

Exane BNP

Neutral

26.5

UBS

Neutral

26

Citigroup

Neutral

25.5

Bernstein

Neutral

25.4

 

Saudi Aramco reinstated its fourth ranking last week on the Fortune 500 list, underscoring its leading position as one of the most successful global companies, extending beyond the energy sector.

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