‎Market fundamentals strong, oil demand to rise by over 2M barrels/day: Nasser

‎Market fundamentals strong, oil demand to rise by over 2M barrels/day: Nasser ‎Market fundamentals strong, oil demand to rise by over 2M barrels/day: Nasser

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Saudi AramcoPresident and CEOAmin Nasser

Oil market fundamentals remain strong, with demand expected to rise by more than two million barrels per day (bpd) in H2 2025 compared to H1 2025, said Amin Nasser, President and CEO of Saudi Aramco.

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In the company’s financial results statement, Nasser said Saudi Aramco once again demonstrated its resilience in H1 2025, delivering strong earnings, stable shareholder distributions, and disciplined capital allocation.

He noted that despite ongoing geopolitical challenges, Saudi Aramco continued to supply energy with exceptional reliability to customers both domestically and internationally.

Commenting on the company’s long-term strategy, Nasser affirmed the company’s conviction that hydrocarbons will continue to play a vital role in global energy and chemical markets.

He also stressed that Saudi Aramco is well-positioned to meet customer demand over both the short and long term.

Nasser also highlighted the company’s continued investments in various initiatives, including new energy sources and digital innovation, with a strong focus on artificial intelligence (AI).

These efforts aim to capitalize on Saudi Aramco’s diverse operations, low-cost base, and technological advancements to ensure sustainable, long-term growth.

Meanwhile, Ziad T. Al-Murshed, Executive Vice President and Chief Financial Officer at Saudi Aramco, said the company’s H1 2025 performance underscores its financial discipline and the strength of its integrated business model.

He added that the company continues to generate robust earnings and free cash flow and has strategically accessed debt markets to enhance its capital structure.

Al-Murshed emphasized that, while continuing to invest prudently, the company remains focused on delivering sustainable returns and maintaining financial flexibility.

According to data available with Argaam, Saudi Aramco posted a drop in net profit, after minority interest, to SAR 181.3 billion for the first half of 2025, down from SAR 209.5 billion in the prior- year period. Q2 2025 net profits stood at SAR 85.6 billion.

 

Saudi AramcoPresident and CEOAmin Nasser

Oil market fundamentals remain strong, with demand expected to rise by more than two million barrels per day (bpd) in H2 2025 compared to H1 2025, said Amin Nasser, President and CEO of Saudi Aramco.

In the company’s financial results statement, Nasser said Saudi Aramco once again demonstrated its resilience in H1 2025, delivering strong earnings, stable shareholder distributions, and disciplined capital allocation.

He noted that despite ongoing geopolitical challenges, Saudi Aramco continued to supply energy with exceptional reliability to customers both domestically and internationally.

Commenting on the company’s long-term strategy, Nasser affirmed the company’s conviction that hydrocarbons will continue to play a vital role in global energy and chemical markets.

He also stressed that Saudi Aramco is well-positioned to meet customer demand over both the short and long term.

Nasser also highlighted the company’s continued investments in various initiatives, including new energy sources and digital innovation, with a strong focus on artificial intelligence (AI).

These efforts aim to capitalize on Saudi Aramco’s diverse operations, low-cost base, and technological advancements to ensure sustainable, long-term growth.

Meanwhile, Ziad T. Al-Murshed, Executive Vice President and Chief Financial Officer at Saudi Aramco, said the company’s H1 2025 performance underscores its financial discipline and the strength of its integrated business model.

He added that the company continues to generate robust earnings and free cash flow and has strategically accessed debt markets to enhance its capital structure.

Al-Murshed emphasized that, while continuing to invest prudently, the company remains focused on delivering sustainable returns and maintaining financial flexibility.

According to data available with Argaam, Saudi Aramco posted a drop in net profit, after minority interest, to SAR 181.3 billion for the first half of 2025, down from SAR 209.5 billion in the prior- year period. Q2 2025 net profits stood at SAR 85.6 billion.

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