The ranking comes at a time of increasing volatility in global energy markets, as Aramco continues to solidify its position as the world's strongest oil company, supported by exceptional financial strength and the lowest production costs globally.
Strengths
The report emphasized Saudi Aramco’s strengths in facing current challenges despite geopolitical risks.
Rating based its positive rating of Aramco on the Saudi government's 81.48% ownership of the company, along with a massive production of up to 12.9 million barrels of oil equivalent per day, and reserves exceeding 250 billion barrels of oil equivalent.
Great durability
In terms of costs, Aramco maintains one of the lowest production costs globally, at around $2 to $3 per barrel, which gives it a high ability to cope with fluctuations in oil prices.
Despite the decline in average oil prices by 13.7% during 2025 to $69.2 per barrel, the company was able to achieve operating cash flows of 510 billion riyals, net profits of 350 billion riyals, with an EBITDA margin of 49.8%.
Financial indicators also show great strength, with a debt ratio of only 3.8%, while net debt amounts to about $18.3 billion against cash liquidity exceeding $64.8 billion, with a strong interest coverage ratio of up to 75 times.
