The world’s biggest oil exporter said in a statement that net income in 2025 reached US$93.38 billion, compared to US$106.24 billion in 2024.

Stripping out exceptional items, adjusted net income was US$104.65 billion in 2025 compared to US$110.29 billion in 2024, a slide of 5.1%.

However, president and CEO Amin H. Nasser said in a statement: “Following another year of record oil demand in 2025, we believe ongoing investments in our operations position us well for the future.”

The report was released as the 11-day-old Middle East war destabilises energy supplies, triggering wild swings in crude prices.

Iran has fired at energy installations across the Gulf, including Aramco’s sprawling Ras Tanura facility, which halted some operations after being targeted by drones.

The massive complex on the Gulf coast is home to one of the Middle East’s largest refineries and is a cornerstone of the Saudi energy sector. Saudi oil fields have also been targeted in Iran’s reprisal attacks.