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Aramco Considers Asset Sales to Boost Liquidity, say Sources
May 27, 2025
Saudi state oil giant Aramco is reportedly considering asset sales to free up funds. Sources told Reuters that the company is considering such a major step in order to tackle low oil prices and to ramp up Aramco’s global expansion. Aramco is the main source of Saudi state revenue. Aramco reported a 12.39% drop in net profit, $106.25bn vs $121.25bn the previous year. Aramco has been known to roll out large dividend payouts. For instance, in FY24, it paid out $124bn in dividends ($31bn every quarter). However, since November 2024, questions have emerged on the sustainability of such dividend payouts. Some analysts expect them to slash it by nearly a third this year due to the impact of lower oil prices on its income. Analysts also note that Riyadh is facing a widening budget deficit and would need oil prices above $90/bbl to balance its books compared to current spot price of $60/bbl.
Aramco’s dollar bonds traded stable with its 3.5% 2029s at 95.9, yielding 4.7%.
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