Saudi Arabian Oil Co

2222: XSAU (SAU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Saudi Aramco Earnings: Gearing Continues Rising as Dividend Exceeds Free Cash Flow

Allen Good

Aug 5, 2025

Saudi Aramco reported second-quarter net income of $23 billion, down 22% year on year and 13% sequentially, on lower oil prices. Gearing increased to 6.5% from 5.3% at the end of last quarter and negative 0.5% last year.

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Saudi Arabian Oil Co

Saudi Aramco Earnings: Gearing Continues Rising as Dividend Exceeds Free Cash Flow

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