Business · Companies · 1 hr ago
Aramco’s adjusted third-quarter profit rose 9% as oil prices climbed
Saudi Aramco’s adjusted profit rose 9% in the third quarter, reaching $31.2 billion, the company said.
The Saudi state-owned oil producer earned more as higher oil prices lifted its earnings, despite lower sales volumes across its products, according to one account.
Brent crude averaged more than $90 a barrel during the quarter, as the Iran war fuelled fears of supply disruption.
Aramco announced a cash dividend of 82.1 billion riyals for the quarter, up 3.5% from a year earlier.
The company is a major source of revenue for Saudi Arabia, through energy sales and dividend payments.
Reports differ on how Aramco routed its oil exports amid disruption around the Strait of Hormuz, but both describe regional tensions affecting energy supplies.
Saudi Aramco’s adjusted net income rose 9 percent year on year to 117 billion riyals in the third quarter of 2026.
The company said higher oil prices helped lift its earnings.
Operating cash flow reached 145.2 billion riyals, while free cash flow rose to 105.8 billion riyals.
Aramco announced a base dividend of 82.1 billion riyals for the quarter, up 3.5 percent year on year.
Its gearing ratio fell to 5.5 percent as of September 30.
- Who
- Saudi Aramco, Saudi Arabia’s state-owned oil company.
- What
- Its adjusted third-quarter net income rose 9 percent year on year to 117 billion riyals.
- When
- The third quarter of 2026. The results were released on November 3, 2026.
- Where
- Not stated
- Why
- Higher oil prices supported earnings, according to Spiegel.
This story does not have two clearly opposing sides.
Aramco expanded crude shipments from Ras Tanura, according to Spiegel.
Aramco’s adjusted net income rose 9 percent year on year to 117 billion riyals.
Aramco released its third-quarter financial results.
- Adjusted net income
- 117 billion riyals
- Year-on-year profit change
- Up 9 percent
- Operating cash flow
- 145.2 billion riyals
- Free cash flow
- 105.8 billion riyals
- Base dividend
- 82.1 billion riyals
- Gearing ratio
- 5.5 percent as of September 30, 2026
7 sources
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