Saudi Aramco shares surged on early trading on the Saudi Exchange after the energy giant cited the high cash flows and increased returns to shareholders by 2025, with the stock opening at SR25.92 ($6,90) and climbing to an intraday high of SR25.98.
The company’s shares have risen about 13.8 percent year to date, supported by investor confidence in its dividend results and resilient energy earnings.
Aramco stated that adjusted net income was $104.7 billion for 2025, while net profit dropped 12.1 percent year-on-year to $93.39 billion from $106.25 billion in 2024, as lower crude prices weighed on revenue amid higher sales volumes across oil, gas, and refined products.
Aramco President & CEO Amin H. Nasser said, “Aramco delivered robust growth and strong cash flows in 2025, reinforcing confidence in our strategy. Our disciplined capital allocation, combined with our lower-cost, adaptable, and highly-reliable operations, drove strong financial performance in a year marked by price volatility. This enabled a 3.5% increase to our base dividend, reinforcing our focus on delivering sustainable and progressive shareholder returns.”
He stated, “We continue to leverage advanced technologies, including AI, to enhance efficiency and unlock value across our business. We also continued to maintain our impressive safety track record in 2025, with our lowest total recordable case rate since the IPO.”
Cash flow operation was at $136.2 billion, and free cash flow stood at $85.4 billion, which confirms that the company still has the capacity to finance shareholder payouts and strategic investments.
The board declared a fourth-quarter base dividend of $21.89 billion, an increase of 3.5 percent year-on-year, the fourth consecutive annual increase, and a share buyback program of up to $3 billion in 18 months.
“Following another year of record oil demand in 2025, we believe ongoing investments in our operations position us well for the future,” the CEO said, citing that the company’s gas expansion was progressing on schedule and that robust project momentum indicated potential for future operating cash flow expansion.
