A view of the ARAMCO headquarter, the national Saudi Arabian Oil Company, towers in the King Abdullah Financial District of Riyadh on March 9, 2026. (Photo by Fayez Nureldine / AFP)
Riyadh, Saudi Arabia: Saudi Aramco on Tuesday reported a 12.1 percent decline in net income in 2025 as higher supply, US tariffs and other economic headwinds weighed on revenues.
The world's biggest oil exporter said in a statement that net income in 2025 reached $93.38 billion, compared to $106.24 billion in 2024.
Stripping out exceptional items, adjusted net income was $104.65 billion in 2025 compared to $110.29 billion in 2024, a slide of 5.1 percent.
However, president and CEO Amin H. Nasser said in a statement: "Following another year of record oil demand in 2025, we believe ongoing investments in our operations position us well for the future."
The report was released as the 11-day-old geopolitical tensions in the Middle East destabilised energy supplies, triggering wild swings in crude prices.
Iran has fired at energy installations across the Gulf, including Aramco's sprawling Ras Tanura facility which halted some operations after being targeted by drones.
The massive complex on the Gulf coast is home to one of the Middle East's largest refineries and is a cornerstone of the Saudi energy sector. Saudi oil fields have also been targeted in Iran's reprisal attacks.
