Fitch Forecasts $46B in Revenue for SOCAR in 2025, Citing Market Stability
Recently, Fitch Ratings projected that the State Oil Company of Azerbaijan (SOCAR) will generate approximately $45.94 billion in gross revenue in 2025.
According to the agency, SOCAR's earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to reach $3.32 billion in 2025. Fitch noted that favorable oil and gas prices have strengthened SOCAR's financial profile.
The agency estimated that SOCAR's revenue for 2024 will amount to $50.61 billion, with an operating EBITDA of $3.54 billion. Additionally, the company's EBITDA margin is expected to rise from 7% in 2024 to 7.2% in 2025.
Fitch attributed SOCAR’s higher profitability compared to its Central Asian counterparts, such as KazMunayGaz and Uzbekneftgaz, to its relatively large trading operations.
See Also
EU Envoys Warn Georgia Over Reform Delays While Reaffirming Membership Hope
Georgia Intensifies Criticism of EU and Ambassador Herczynski Over Domestic Political Tensions
Weekly Brief on Military Situation in South Caucasus (4-10 May, 2026)
Simonyan Accuses Russia of Abandoning Armenia in 2020 War; Criticizes Historical Dependence on Moscow
