Aramco Q3 2025 Earnings Hit $28BN as Energy Giant Expands Gas and AI Projects
Saudi Aramco reported revenues of $28bn for the third quarter of 2025, compared to $27.7bn in the same period last year, as the company continues to demonstrate strong operational performance, financial stability, and progress on its long-term growth goal.
Cash flow from operating activities reached $36.1bn, up from $35.2bn in Q3 2024, while free cash flow increased to $23.6bn, compared to $22bn a year earlier.
The company’s default rate stood at 6.3 percent as of Sept. 30, 2025, down from 6.5 percent in late June.
Aramco’s board announced a base Q3 2025 Base dividend of $21.1bn and a linked dividend of $200m, both to be paid in the fourth quarter.
Expanding the volume of gas
Aramco announced that it has raised the goal of 2030 production capacity growth to 80 percent above 2021 levels, up from the previous goal of more than 60 percent.
The revised target reflects growing confidence in the company’s topline potential and increased unconventional gas resources.
The company said that this would bring total gas and ketworks integration resulting in nearly six million barrels of oil equivalent per day by 2030.
The completion of the $11.1bn Jafura Midstream Deal, Aramco added, shows “attractive clarity” of its uncontested gas system.
Strengthening strategy and AI
Aramco also confirmed progress in the expansion of downstream strategies to be built through the initial investment and establishment of Fujian SinoPopec Aramco Refming & Petrochemical Co Ltd., a joint venture with sinopec in China.
Similarly, the company is moving forward with plans to acquire a lower majority stake in Humain, to underline its growing focus on AI-driven digital infrastructure.
The announcement follows Aramco’s successful $3bn International Sukuk issuance, which the company said highlighted investor confidence in its financial performance and relative strength.
“Dynamic performance and adaptability”
Amin Nasser, President and CEO of Aramco, said: “Aramco’s ability to adapt to new market conditions is also demonstrated reliably, providing reliable products for customers.”
He added: “We are also continuing to develop our advanced capabilities, with major oil and gas projects that have recently been completed or due to be implemented soon.
“Today, we are announcing a high gas forecast and target for the production of 80 percent of gas production between 2021 and 2030, which costs money with advanced skills.
“Part of that is from our unconventional gas expansion at JAFURAH, which attracted a lot of interest from international investors.”
Nasser said Aramco continues to focus on “reasonable value growth while meeting the rising demand for energy”, adding that the company is leveraging AI and digital transformation to open up its opportunities.
What is to come
Aramco’s third-quarter results reinforce its strategy of integrating upstream, downstream, and digital investments to strengthen resilience and increase growth.
The company’s continued progress in AI and Unmonventive Goverol Development reflects its long-term focus on predictive technology, functional excellence, and global energy security.
