Hyderabad, May 11 -- Saudi Aramco, the largest oil company in the world, on Sunday, May 11, reported a 4.6 percent decline in its net profit for the first quarter of 2025, totalling SAR 97.54 billion (USD 26.01 billion), down from SAR 102.27 billion (USD 27.27 billion) in the same period last year.

In a statement to the Saudi Stock Exchange (Tadawul), the company attributed the decline to lower revenue and sales-related income, combined with increased operating costs. This was partially offset by a reduction in income tax and zakat, due to a decline in taxable income for the quarter.

Aramco confirmed a total dividend distribution of USD 21.36 billion for the quarter, including USD 219 million linked to performance.

Free cash flow also ...