Oil hovers near $90
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Saudi Arabia's Aramco, the world's largest oil exporter, announced its first-ever share buyback plan of up to $3 billion, even as the company reported a 12% drop in annual profit in 2025, primarily attributed to lower crude prices. The company previously rewarded shareholders primarily through substantial dividend payouts.
Saudi Arabia’s national oil company said it could restore production within days of the waterway reopening.
Saudi Aramco's first-quarter net income came in at $26 billion, down from $27.3 billion for the same period last year. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.2 billion ...
Saudi Arabia's Aramco , the world's top oil exporter, reported a 12% drop in annual profit mainly due to lower crude prices, but announced it would repurchase up to $3 billion worth of shares in its first-ever buyback.
The increase in investor returns comes despite declines in net profit for the fourth quarter and full-year 2025 driven by lower crude oil prices, partly offset by higher crude sales volumes.
DUBAI, United Arab Emirates -- Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market. Aramco's results ...
At the same time, these moves are diversifying Aramco’s earnings away from pure upstream oil, showcasing the company's adaptability. The Trump Administration, at the same time, wants to keep Saudi Arabia, one of the world’s most prominent investors and energy suppliers, deeply entangled in the US industrial base amid growing competition with China.
Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in the ...
Saudi Aramco and Commonwealth LNG sign long-term supply deal Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world's largest oil exporter with 1 million metric tonnes per annum (mtpa), three ...