BAKU, Azerbaijan, November 4. Saudi Aramco reported an adjusted EBIT of SAR 553.4 billion ($147.6 billion) from its upstream segment for the first nine months of 2025, down from SAR 612.5 billion ($163.3 billion) in the same period of 2024, Trend reports.
The decline was primarily driven by lower crude oil prices, partially offset by higher crude oil volumes sold and reduced production royalties, the producer explained.
In the third quarter alone, adjusted EBIT reached SAR 193.1 billion ($51.5 billion), showing an increase from the previous quarter’s SAR 167.5 billion ($44.7 billion), reflecting stronger output and an improvement in average realized prices from $66.7/bbl in Q2 to $70.1/bbl in Q3.
Capital expenditures for the nine-month period totaled SAR 105.8 billion ($28.2 billion), slightly below last year’s SAR 110.1 billion ($29.4 billion).
Aramco said the decrease mainly reflected the phasing of crude oil increment projects aimed at maintaining its maximum sustainable capacity of 12.0 million barrels per day and continued development of strategic gas projects.
