Saudi Aramco’s adjusted net income dropped by 4% in 2025 to $93.4bn as falling oil revenues offset production increases. Free cash flow edged up slightly to $85.4bn, but this was slightly less than the $85.98bn in dividend distributions.
The company announced a 3.5% year-on-year increase in its base divided for Q4 to $21.89bn, but there was no performance-linked dividend due to the weaker financial performance. Total dividend declarations are still up year-on-year and sequentially. The company also announced its first ever share buyback program, of up to $3bn over 18 months. (CONTINUED - 134 WORDS)