Saudi Arabian Oil Co. (Saudi Aramco) posted a net profit of SAR 95.7 billion for the first quarter of 2025, a decrease of 7% from SAR 103.4 billion a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 437,847.00 | 429,612.00 | (1.9 %) |
Gross Income | 248,740.00 | 234,253.00 | (5.8 %) |
Operating Income | 202,304.20 | 191,121.60 | (5.5 %) |
Net Income | 103,356.00 | 95,676.00 | (7.4 %) |
Average Shares | 242,000.00 | 242,000.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.43 | 0.39 | (7.9 %) |
EPS (Riyal) | 0.43 | 0.40 | (7.4 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 428,591.00 | 429,612.00 | 0.2 % |
Gross Income | 229,776.00 | 234,253.00 | 1.9 % |
Operating Income | 173,340.40 | 191,121.60 | 10.3 % |
Net Income | 86,756.00 | 95,676.00 | 10.3 % |
Average Shares | 242,000.00 | 242,000.00 | - |
Earnings Per Share before unusual items (Riyal) | 0.36 | 0.39 | 10.0 % |
EPS (Riyal) | 0.36 | 0.40 | 10.3 % |
The decline in the first-quarter net profit was attributed to lower revenues and other income related to sales as well as higher operating expenses.
This was partially offset by lower income taxes and Zakat driven by a decline in the taxable income recorded in the first quarter of 2025.
Meanwhile, the world’s largest oil producer reported a rise in revenues on higher sales volumes of gas and refined and chemical products, as well as better traded volumes of crude oil. This was partially offset by lower prices of refined and chemical products as well as crude oil compared to the same quarter of previous year.
Aramco's Q1 2025 net earnings rose 10.3% from SAR 86.75 billion in Q4 2024, on revenue growth due to higher sales volumes of gas and refined and chemical products, as well as better traded volumes of crude oil.
Total shareholders’ equity, after minority interest, increased to SAR 1.47 trillion as of March 31, 2025, from SAR 1.52 trillion a year earlier.
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