Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, reported a half-year adjusted net income of $50.9 billion, with a net income of $24.5 billion for the second quarter. The figures came in its financial results for the first half of 2025.

Aramco’s cash flow from operating activities for the first half of 2025 stood at $59.3 billion, with a free cash flow of $34.4 billion. The company’s gearing ratio was 6.5% as of June 30, 2025. The board also declared a second-quarter base dividend of $21.1 billion and a performance-linked dividend of $0.2 billion.

“Aramco’s resilience was proven once again in the first half of 2025 with its profitability, consistent shareholder distributions, and disciplined capital allocation. Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world,” Amin H. Nasser, Aramco President and CEO, commented on the results.

Nasser also expressed confidence in the market, anticipating that oil demand in the second half of 2025 could be over two million barrels per day (bbl/d) higher than the first half. He reiterated the company’s long-term strategy, which is consistent with the belief that hydrocarbons will continue to play a vital role in global energy and chemicals markets.