Aramco annual report 2025
Every layer,
a new opportunity
Report overview
Aramco is one of the world’s largest integrated energy and chemicals companies
Our vision
Aramco’s vision is to be the world’s preeminent integrated energy and chemicals company, operating in a safe, sustainable, and reliable manner.
Our mission
Aramco strives to deliver value to its shareholders through business cycles by maintaining its preeminence in oil and gas production and its leading position in chemicals, aiming to capture value across the energy value chain, and profitably growing its portfolio.
Our values
By living our values and prioritizing sound business practices, we consistently achieve high levels of performance and efficiency – delivering value not only for Aramco, but for our customers, partners, and the communities in which we operate.
Key downloads
Chairman's message
207.6KB
Key downloads
President and CEO's message
456.9KB
2025 highlights
Recapping a year of success and milestones
Q1
- BHIG acquisition
- ALBA shareholding sale
- Al Shuaibah 2 solar PV project
- Global Lighthouse Network status
Q2
- Oil and gas discoveries
- International bond issuance
- Dammam development onstream
- AI computing leap
- LNG offtake agreement
Q3
- International Sukuk issuance
- Integrated refining and petrochemical investment
- Premium fuel lines
Q4
- Jafurah midstream deal
- Jafurah and Tanajib Gas Plants
- Petro Rabigh investment
- Aramco-HUMAIN Partnership
- Marjan crude oil increment onstream
Results and performance
Delivering shareholder value through resilient performance.
Financial highlights
Adjusted net income*
$ (billions)﷼ 3920123456789012345678901234567892025$1052024$110
Adjusted EBIT*
$ (billions)﷼ 7450123456789012345678901234567892025$1992024$210
Free cash flow*
$ (billions)﷼ 320012345678901234567892025$852024$85
Operational highlights
Total hydrocarbon production** (mmboed)
01234567890123456789.
0123456789202512.9202412.4
Total gas production** (bscfd)
01234567890123456789.
0123456789202510.7202410.3
Upstream carbon intensity*** (kg CO2e/boe)
0123456789012345678920251020249.7
Business Model
Capturing value across the hydrocarbon chain
** Refer to Annual Report Section 2: Results and Performance – “Upstream.”
*** Refer to Annual Report Section 3: “Sustainability.”
**** Excludes SABIC Agri-Nutrients business and includes only ZPC’s net chemical production capacity through our investment in Rongsheng.
Our strategic themes
Strategy
Positioning Aramco for the future
Downstream integration
Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the Company’s crude oil in larger offtake volumes through a captive system of domestic and international wholly-owned and affiliated refineries, allowing it to capture additional value across the hydrocarbon chain, expand its sources of earnings, and provide resilience to oil price volatility.
Upstream preeminence
As the principal engine of value generation, Aramco intends to maintain its position as the world’s largest crude oil company by production volume and one of the lowest-cost producers. The Company’s vast reserves base, spare capacity, and unique operational flexibility allow it to effectively respond to changes in demand.
Diversified growth businesses
Aramco intends to build the foundations of a range of high-growth, adjacent businesses principally focused in the areas of digital, new energies, transition minerals, and diversified industrials. Each business has the potential to be value accretive over time.
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Annual report 2025
