Saudi Aramco has reported web revenue of $28bn for the third quarter of 2025, in comparison with $27.7bn in the identical interval final 12 months, as the corporate continues to reveal robust operational efficiency, monetary resilience, and progress in its long-term development technique.
Money stream from working actions reached $36.1bn, up from $35.2bn in Q3 2024, whereas free money stream elevated to $23.6bn, in comparison with $22bn a 12 months earlier.
The corporate’s gearing ratio stood at 6.3 per cent as of September 30, 2025, down from 6.5 per cent on the finish of June.
The Aramco Board declared a Q3 2025 base dividend of $21.1bn and a performance-linked dividend of $200m, each to be paid within the fourth quarter.
Increasing fuel capability
Aramco introduced it has raised its 2030 gross sales fuel manufacturing capability development goal to round 80 per cent above 2021 ranges, up from the earlier objective of greater than 60 per cent.
The revised goal displays rising confidence within the firm’s upstream capabilities and the growth of unconventional fuel assets.
The corporate mentioned this may carry its complete fuel and related liquids output to roughly six million barrels of oil equal per day by 2030.
The completion of the $11.1bn Jafurah midstream deal, Aramco added, demonstrates the “enticing worth proposition” of its unconventional fuel programme.
Strengthening downstream and AI technique
Aramco additionally confirmed progress in its strategic downstream growth by the preliminary funding and institution of Fujian Sinopec Aramco Refining & Petrochemical Co. Ltd., a three way partnership with Sinopec in China.
In parallel, the corporate is transferring ahead with plans to amass a major minority stake in HUMAIN, underscoring its rising give attention to AI-driven digital infrastructure and innovation.
The announcement follows Aramco’s profitable $3bn worldwide Sukuk issuance, which the corporate mentioned highlights investor confidence in its monetary resilience and sturdy stability sheet.
“Robust efficiency and flexibility”
Amin Nasser, President and CEO of Aramco, mentioned: “Aramco’s potential to adapt to new market realities has as soon as once more been demonstrated by our robust third quarter efficiency. We elevated manufacturing with minimal incremental value and reliably provided the oil, fuel and related merchandise our prospects rely on, driving robust monetary efficiency and quarterly earnings development.”
He added: “We additionally proceed to boost our upstream capabilities, with main oil and fuel initiatives both lately accomplished or on account of come onstream quickly.
“In the present day, we announce greater gross sales fuel forecasts and goal gross sales fuel manufacturing capability development of roughly 80 per cent between 2021 and 2030, capitalizing on superior capabilities.
“A part of that’s from our unconventional fuel growth at Jafurah, which attracted vital curiosity from international buyers.”
Nasser mentioned Aramco stays centered on “value-accretive development whereas assembly rising demand for vitality”, including that the corporate is leveraging AI options and digital transformation to unlock new industrial alternatives and enhance effectivity throughout its operations.
Outlook
Aramco’s third-quarter outcomes reinforce its technique of integrating upstream, downstream, and digital investments to strengthen resilience and maintain development.
The corporate’s continued progress in AI and unconventional fuel growth displays its long-term give attention to technological innovation, operational excellence, and international vitality safety.
