Saudi Aramco Q2 2025 Earnings: Profit Slips on Lower Oil Prices Despite Volume Growth

Saudi Aramco's adjusted net income fell to $24.5 billion in Q2 2025, a sharp decline from the previous year's performance as lower crude prices offset increased trading volumes. The energy giant's revenue dropped nearly 11% year-over-year to 378.83 billion riyals, underscoring the persistent pressure on hydrocarbon markets.

While beating analyst estimates, the results reveal the vulnerability of even the world's most profitable oil company to commodity price swings. CEO Amin Nasser maintains an optimistic outlook, forecasting a 2 million barrel-per-day demand increase in the second half of 2025.

Capital expenditures edged up slightly to 46.2 billion riyals despite stagnant oil futures. The market remains weighed down by U.S. tariff policies that have clouded growth prospects for the world's largest oil consumer and raised fresh concerns about dollar stability.