A view of the ARAMCO headquarter, the national Saudi Arabian Oil Company, towers in the King Abdullah Financial District of Riyadh. AFP
The world's biggest oil exporter said in a statement that net income in 2025 reached $93.38 billion, compared to $106.24 billion in 2024.
Stripping out exceptional items, adjusted net income was $104.65 billion in 2025 compared to $110.29 billion in 2024, a slide of 5.1 per cent.
Aramco, formally known as the Saudi Arabian Oil Co., said its 2025 revenues were $445 billion, down from $480 billion in 2024.
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."
Throughout 2025, the oil alliance OPEC+ -- of which Saudi Arabia is a key member -- oversaw increased production, eroding prices.
The Aramco report was released as the 11-day-old US-Israeli war on Iran destabilised 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.
Elsewhere, Bahrain's Al Ma'ameer oil facility was also hit on Monday, causing a fire and damage, with the country's state-owned energy firm Bapco declaring force majeure.
Energy producers in Qatar and Kuwait earlier made similar declarations, which are a warning that events beyond their control may lead them to miss export targets.
The fighting has also largely halted maritime traffic in the strategic Strait of Hormuz, where roughly 20 per cent of global oil supplies are shipped out of the Gulf.
Gulf countries have borne much of Tehran's military response after the US and Israel launched a massive aerial campaign against Iran on February 28.
Short link: