Aramco's Profits Slide Amid Ongoing Conflict
Saudi Arabia's oil giant Aramco reported a decline in profits to $104 billion for 2025, impacted by the ongoing Iran war targeting its facilities. Revenues also fell to $445 billion from $480 billion in 2024. The company announced its annual results and plans to brief investors on the situation.
- Country:
- United Arab Emirates
Saudi oil titan Aramco has disclosed a slip in its profits for 2025, registering $104 billion compared to the previous year's $110 billion, affected by conflict in the region.
Amid ongoing hostilities with Iran that began in February, Aramco's fields have been vulnerable to drone and missile strikes.
The company's overall revenues fell to $445 billion from $480 billion in 2024, with a detailed investor briefing scheduled for later in the day to discuss these troubling developments.
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