Aramco CEO says global trade shifts hit energy markets, but performance stays strong

Saudi Aramco President and CEO Amin Nasser said global energy markets were impacted in the first quarter of 2025 by factors related to changes in global trade, creating economic uncertainty and weighing on oil prices.

In a statement accompanying the company’s financial results, a copy of which was obtained by Argaam, Nasser said such periods underscore the importance of resilience and disciplined capital planning and execution, as well as Aramco’s commitment to a long-term strategy.

He added that the company continues to pursue growth across its upstream, downstream, and chemicals businesses, while also expanding into new energy projects and working extensively to reduce emissions.

Nasser went on to say that Aramco’s robust financial performance highlights the advantages of its unique scale, reliability, low-cost operations, and focus on efficiency and advanced technologies.

He noted that during periods of volatility, Saudi Aramco’s strength stands out through its robust financial performance and its growing, sustainable base dividend.

Nasser said the company’s ambition is reflected in several 2025 milestones, including progress in boosting gas production, global expansion of its retail operations, advancement of its petrochemical strategy, development of blue hydrogen projects, and continued innovation in carbon capture.

Saudi Aramco’s net profit (before minority interest) declined to SAR 97.54 billion by the end of Q1 2025, compared to SAR 102.27 billion in the same period of 2024.

The company announced base and performance-linked dividends totaling SAR 80.11 billion, or SAR 0.3312 per share, data compiled with Argaam showed.