Saudi Aramco earned $104.7 billion for the full year, exceeding expectations; the CEO says multiple contingency plans have been prepared for the Middle East situation.

```

Saudi Aramco’s disclosed full-year 2025 results show its adjusted net profit reached $104.7 billion, exceeding market expectations. Company CEO Amin Nasser also issued a stern warning about the geopolitical situation in the Middle East, pointing out that supply disruptions have triggered a chain reaction on the global oil market and various industries, and emphasized that restoring navigation in the Strait of Hormuz is crucial for ensuring global energy supply.

On Tuesday, Amin Nasser stated that he is deeply concerned about the high-risk situation facing people in the region. He noted that global idle crude oil production capacity is primarily concentrated in the area, and if supply disruptions are prolonged, the impact on the global oil market and economy will intensify further.

He also revealed that the company has formulated emergency plans for various scenarios. Currently, the only available route is the east-west pipeline, which has a capacity of 7 million barrels per day. Both domestic and international inventory capacities are adequate.

Against the backdrop of geopolitical crisis, international oil prices recently surged to nearly $120 per barrel. Nasser warned that global inventories are at a five-year low, and destocking will accelerate further in the future. Supply disruptions have already caused serious chain reactions in shipping and insurance, and affected industries such as aviation, agriculture, and automotive.

Earnings Exceed Expectations, Dividends Continue to Grow

Saudi Aramco released its full-year 2025 financial results: adjusted net profit reached $104.7 billion, with the company describing stable growth. Adjusted net profit for the fourth quarter was $25.1 billion, slightly higher than the market expectation of $24.8 billion.

Cash flow performance was strong, with full-year free cash flow recorded at $85.4 billion and operating cash flow at $136.2 billion. Full-year capital expenditure amounted to $52.2 billion, in line with company guidance and slightly lower than the 2024 level.

In terms of shareholder returns, the company announced fourth quarter base dividends of $21.89 billion, an increase of 3.5% year-over-year, to be paid in the first quarter of 2026. Total annual distribution to shareholders reached $85.5 billion. Additionally, Saudi Aramco launched a stock repurchase plan of up to $3 billion over 18 months.

Saudi Aramco CEO Amin Nasser stated in the earnings report: “Strict capital allocation, combined with low cost, high reliability operations, enabled the company to deliver strong financial performance in a year of oil price volatility.”

Emergency Response: Pipeline Alternatives and Dual Global Storage Strategy

To counter blockages in the Strait of Hormuz, Nasser revealed the company’s emergency measures. Currently, the only available east–west pipeline is delivering Arabian Light and Extra Light crude at a capacity of 7 million barrels per day. Meanwhile, the company has ensured adequate domestic and international inventory capacity and is able to maintain continuous supply to customers via global storage centers.

To further strengthen supply capability, Saudi Aramco has commissioned four upstream projects, including Berry, Marjan, and the first phase of Jafurah. Nasser stated the company has prepared contingency plans for various scenarios to ensure storage systems have sufficient flexibility, and said, “Under current circumstances, we are making every effort to meet most customer demand.”

Risk Warning and DisclaimerThe market carries risks, and investment decisions should be made carefully. This article does not constitute personal investment advice and has not taken into account individual users’ special investment objectives, financial circumstances, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article fit their particular situation. Investors are responsible for their own decisions. ```