The AramCo logo, officially Saudi Oil Group, Saudi Oil and Natural Gas Company, which was seen on the second day of the twenty -fourth world oil conference in the Big 4 building in Stampeed Park, on September 18, 2023, in Calgary, Canada.
Artur Widak Norfuto Gety pictures
On Tuesday, Saudi Arabia recorded a decrease in revenue in the second quarter, citing the decrease in crude oil and the prices of refined chemical products that were partially compensated only through higher circulating sizes.
The world’s largest oil company has announced a net income of 92.04 billion riyals (24.5 billion dollars) over three months until the end of June. The result is compared to the average net income expectations of $ 23.7 billion, according to estimates of the analysts surveyed by the company.
The revenues of the second quarter decreased to 378.83 billion riyals from 425.71 billion riyals in the same period in the previous year.
Amin Nasser, CEO of Aramco, said in a statement on Tuesday accompanying the results:
Capital expenditures rose to 46.2 billion riyals in June, an increase of 45.5 billion riyals in the same previous period.
“A set of results in the line this morning from Aramco, with the support of the weaker profits in the source successively by recovering in improving the results,” RBC analysts said in a note after the results. “With $ 25.5 billion of capital investments in the first half of 2025, it seems that ARAMCO is continuing less than its guidance from 52 to $ 58 billion for the full year. While spending usually captures in the second half of the year, we believe that the entire year CAPEX can come towards the minimum extension range, according to the acquisitions.”
Crude prices remained depression throughout the year, with the exception of a short period of the second quarter of Iranian Iranian tensions. Futures were subjected to pressure from an unconfirmed outlook on the request, which has been exacerbated since April by starting Washington’s large -scale tariff. Protection trade measures the image of growth in the largest economy in the world and the future of the US dollar, which dominates most of the goods – including crude oil.
Aramco’s income is scheduled to see a batch of higher output, after Saudi Arabia-the seven other OPEC partners and other OPECs- Complete relaxation 2.2 million barrels per day of voluntary discounts across a final segment in September. The Kingdom of Saudi Arabia recently produced 9,356 million barrels per day in June, according to independent analysts’ estimates that were collected in the monthly oil market report in OPEC.
Aramco has increased debt markets, with two groups of $ 9 billion in the second half of 2024 and Selling bonds of three parts From $ 5 billion this year. The company’s gear rate increased to 6.5 % as of June 30, 2025, compared to 5.3 % on March 31, 2025.
The Introduction to the Mind to Investors is the Aramco profit policy, which in March Broked investor returns For 2025 to 85.4 billion dollars-a sharp drop from 124.2 billion dollars from 2024-after the first quarter decreased in net profits. ARAMCO has announced the distribution of basic profits of $ 21.1 billion and profit distributions associated with a performance of $ 0.2 billion in the third quarter.
The company’s profit revenue reached 5.5 % as of Monday, still facing the American industry. Exxon Mobil3.6 % and Chevron4.5 %, according to FactSet data.
Aramco’s payments are sharply paid in the budget of the Kingdom of Saudi Arabia, which has diversified its economy away from the adoption of oil during the era of Crown Prince Mohammed bin Salman. GDP of the Kingdom of Saudi Arabia Expanding 3.9 % in the second quarterIt was reinforced by non -oil activities.
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