Saudi Aramco Profits Dip Amid Changing Energy Market

Saudi Aramco reported a drop in Q4 net profit to SAR 66,630 million from SAR 83,776 million a year prior. Despite lower crude and product prices, sales volumes increased. The company's FY net profit reached SAR 350,210 million with FY capex at SAR 190,444 million amid an evolving market landscape.

Saudi Aramco has announced a significant decline in its Q4 net profits, recording SAR 66,630 million compared to SAR 83,776 million in the previous year. This drop occurs as the company navigates through a shifting energy market characterized by fluctuating crude and product prices.

Despite the challenging environment, Saudi Aramco's total revenue and other income related to sales slightly decreased from SAR 428,591 million to SAR 416,290 million. For the full year, the company reported a net profit of SAR 350,210 million, down from SAR 398,422 million the year before.

The fiscal year witnessed lower average prices for crude oil and refined products; however, the volumes sold across these categories, including gas and crude oil, saw an increase. Looking ahead, the company has set a 2026 capital investment guidance ranging from $50 billion to $55 billion, with Q4 capital expenditures amounting to SAR 50,146 million.