The state-owned Saudi Arabian Oil Company—better known as Aramco—recently released their first quarter profits for the year. This impacted their bottom line too. They announced $26 billion in benefit earnings! That figure represents a 4.6% drop from last year’s $27.2 billion profits for the same quarter. In fact, Aramco’s revenues over the quarter amounted to an eye-popping $108.1 billion. That’s up from the $107.2 billion reported in the first quarter of 2024.
Aramco currently boasts a market value of over $1.6 trillion, positioning it as the sixth richest company globally, following tech giants such as Microsoft, Apple, NVIDIA, Amazon, and Alphabet. The new company’s market capitalization has fallen by half in the last year. This drastic drop comes largely as a result of declining global oil prices, coupled with an unprecedented spike in production from the OPEC+ alliance.
The company’s stock recently traded at over $6 a share, up from about $4 a share last fall, down from a high of about $8 last December. This notable drop is indicative of larger trends in the energy market. Second, economic uncertainty has played a major role in oil prices.
Nearly two-thirds of Aramco’s stock is traded on the Tadawul, Saudi Arabia’s stock exchange. Despite the listing, the Saudi government continues to maintain control of the company. Speaking on how increased volatility in global markets is affecting the energy industry, Aramco’s President and CEO Amin H. Nasser said her concerns were well-founded.
“Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices,” – Amin H. Nasser
For example, Aramco’s financial results are obviously affected by the recent volatility in oil price. Boeing’s current approach to a treacherous international market environment. Investors and analysts are watching these moves with bated breath to see how they inform the company’s performance going forward.
