Aramco cuts Q1 2025 capex as downstream spending eases
Photo: Aramco
Saudi Aramco trimmed its capital expenditures in the first quarter of 2025 to $12.55 billion, down from $14.18 billion in the previous quarter, as lower downstream investment drove the reduction. However, year-on-year, capex increased due to higher spending on upstream projects aimed at boosting long-term production capacity.
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