BAKU, Azerbaijan, November 4. Saudi Aramco reported lower revenue and net income for the first nine months of 2025 compared to the same period in 2024, reflecting weaker crude oil prices and lower prices for refined and chemical products, Trend reports.
Revenue and other income related to sales totaled SAR 1.25 trillion ($334.6 billion), down from SAR 1.37 trillion ($366.2 billion) a year earlier. The decline was mainly driven by lower prices of crude oil and refined products, partially offset by higher sales volumes of refined and chemical products.
Operating costs fell to SAR 702.9 billion ($187.5 billion) from SAR 771.8 billion ($205.8 billion) in the previous year, largely due to reduced purchases and lower production royalties. These were partly offset by higher manufacturing expenses and increased utilities and other costs.
Net income for the first nine months of 2025 stood at SAR 283.6 billion ($75.6 billion), compared with SAR 314.6 billion ($83.9 billion) in the same period of 2024. The decrease was primarily attributed to lower revenues, partly offset by lower operating costs and reduced tax and zakat expenses.
Aramco noted that the decrease in earnings was consistent across both reported and adjusted net income, driven by the same market and pricing factors.
