Business · Companies · 14 hrs ago
Jazeera Capital expects Aramco revenue to rise 26.8% in third quarter
Jazeera Capital forecast a 26.8% rise in Aramco revenue for the third quarter of 2026.
The forecast concerns Saudi Aramco, the state-owned oil company, in Saudi Arabia.
Saudi Arabia’s GDP shrank 3.8% year on year in the quarter, though that decline was slower than in the previous quarter.
Non-oil activities grew 1.9%, while oil activities fell 20.4% year on year.
Disruptions to shipping through the Strait of Hormuz and a temporary stoppage of the East-West pipeline in September formed part of the difficult conditions.
The figures show non-oil growth helped cushion the downturn, while seasonally adjusted GDP rose 1.3% from the second quarter.
Jazeera Capital expects Saudi Aramco’s revenue to rise 26.8% in the third quarter.
The article reports that Saudi Arabia’s gross domestic product contracted 3.8% year on year in the third quarter of 2026.
Non-oil activities grew 1.9% year on year, while oil activities fell 20.4%.
On a seasonally adjusted quarterly basis, gross domestic product grew 1.3% from the second quarter.
- Who
- Jazeera Capital expects Aramco’s revenue to rise.
- What
- It forecasts a 26.8% increase in revenue in the third quarter.
- When
- The third quarter of 2026.
- Where
- Saudi Arabia.
- Why
- Not stated
This story does not have two clearly opposing sides.
The East-West Pipeline was temporarily shut down.
Saudi Arabia’s gross domestic product contracted 3.8% year on year, while non-oil activities grew 1.9%.
Asharq Al-Awsat published the report on Jazeera Capital’s revenue forecast.
- Revenue forecast
- 26.8% increase
- Company
- Aramco
- Forecast period
- Third quarter of 2026
- Saudi GDP
- 3.8% year-on-year contraction
- Non-oil activities
- 1.9% year-on-year growth