Saudi Aramco reported a net income of $26 billion for the first quarter of 2025 on Sunday, marking a 4.8% decrease from $27.3 billion in the same period last year.

The company declared $21.3 billion in total dividends for the quarter and invested $12.5 billion in capital expenditures, while pursuing new ventures including a 25% stake in Unioil Petroleum Philippines and a 50% interest in Blue Hydrogen Industrial Gases Company. Aramco reported a free cash flow of $19.2 billion and maintained a gearing ratio of 5.3%.

"Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices. In this context, Aramco's robust financial performance once again demonstrated the Company's unique scale, its reliability and flexibility, the value of its lowcost operations, and its emphasis on efficiency and advanced technology," Aramco President & CEO Amin H. Nasser said.