Saudi oil giant Aramco reports $48.7b net profit in H1

Saudi Arabian Oil Company, commonly known as Saudi Aramco, announced Tuesday a net profit of 48.7 billion U.S. dollars for the first half of the year, reported Xinhua.

In a press release, the company said the net profit was supported by robust cash flows, consistent shareholder payouts, and exceptional supply reliability.

For the second quarter, Saudi Aramco registered a net profit of 22.7 billion dollars, it said, adding that the company also recorded a base dividend of 21.1 billion dollars, and a performance-linked dividend of 219 million dollars, both scheduled for payment in the third quarter.

"Aramco's resilience was proven once again in the first half of 2025," the press release quoted Aramco President and CEO Amin H. Nasser as saying.

"Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half," he added.