Saudi Aramco Declared Robust Q1 Operational and Financial Results

SEATTLE (Oil Monster): Saudi oil giant Aramco reported robust operational and financial results during the initial quarter of the current year.

In Q1 2025, the firm reported net income of $26 billion, which was little less than the $27.3 billion it reported in the same quarter the previous year. The company's net income was influenced by decreased sales revenue and other revenue as well as increased operational expenses.

A number of growth projects were the main driver of the $10.8 billion in capital expenditures for the quarter.

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In the first quarter of 2025, Aramco reported a total hydrocarbon production of 12.3 million metric tons. In the Eastern Province and Empty Quarter, the business discovered 14 new oil and gas deposits. It announced notable advancements in its program to increase the production capacity of sales gas by over 60%.

Additionally, the business advanced capital projects like the Amiral expansion at the SATORP refinery, the development of the refinery-integrated petrochemical steam cracker, and other projects. The business also made notable progress in the development of blue hydrogen.

Amin H. Nasser, president and CEO of Aramco, stated that the company's strong financial results showed how much it valued efficiency and cutting-edge technology.