Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back up to $3 billion over the next 18 months. The company’s free cash flow at the end of 2025, however, was slightly higher than a year earlier, at $85.43 billion versus $85.33 billion at the end of 2024. “Our disciplined capital allocation, combined with our lower-cost, adaptable, and highly reliable operations, drove strong financial performance in a year marked by price…
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