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Aramco profit slips to $104 billion as Iran war puts Saudi oil giant in the crosshairs

Aramco released its annual results Tuesday. It planned to brief investors later in the day as the war that began Feb. 28 has seen Iranian drones and missiles target its facilities. Aramco, formally known as the Saudi Arabian Oil Co., reported profits of $110 billion in 2024.

March 10, 2026 / 11:30 IST
Aramco said its 2025 revenues were $445 billion, down from $480 billion in 2024.

Saudi Arabia’s oil giant Aramco reported 2025 profits of $104 billion, down from the year before as the Iran war has seen its fields and facilities targeted.

Aramco released its annual results Tuesday. It planned to brief investors later in the day as the war that began Feb. 28 has seen Iranian drones and missiles target its facilities.

Aramco, formally known as the Saudi Arabian Oil Co., reported profits of $110 billion in 2024.

Aramco said its 2025 revenues were $445 billion, down from $480 billion in 2024.

Associated Press
first published: Mar 10, 2026 11:30 am

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