Aramco Third-Quarter Net Profit Rises 34.6% to $36.3B
Higher prices for crude, refined products and chemicals lifted revenue 20.2%, with a gain on an affiliate stake sale adding to profit.
Saudi Aramco's third-quarter net profit climbed 34.6% to $36.3B (SAR 135.9B), helped by higher revenue and other income from sales and by a gain on the sale of an equity interest in an affiliate. The company reported the results on a Tuesday.
Revenue for the quarter reached $123.8B (SAR 464.33B), up 20.2% from $103B (SAR 386.17B) a year earlier. Higher prices for refined products, chemicals and crude oil supplied the increase. Lower volumes sold of crude and of refined and chemical products worked against it.
Operational profit rose to $59.3B (SAR 222.26B) from $51.6B (SAR 193.52B), a gain of 14.9% year over year. Total comprehensive income was $39.3B (SAR 147.49B), 53.5% above the $25.6B (SAR 96.1B) booked in the same period of 2025. Aramco declared a base dividend of $21.9B for the quarter, 3.5% higher than a year earlier and payable in the fourth quarter.
Chief executive and president Amin H. Nasser said geopolitical uncertainty and attacks on key energy facilities continued to amplify the global energy supply crisis during the quarter, and that the crisis carries serious implications for energy security. He credited workforce dedication, operational excellence, system flexibility and a supply network built over decades with keeping deliveries reliable for customers through what he called an extraordinary period.
Production has begun at the Zuluf crude oil increment. Jafurah phase two, the Fadhili Gas Plant expansion and the Dammam development are all on track, the company said. The East-West Pipeline continued to provide export flexibility in the quarter, and Aramco is looking at additional storage overseas and new export routes.
The results show where the cash is going. Aramco is funding upstream and gas work at home while buying positions in businesses beyond oil, in mining and artificial intelligence. Both commitments are modest beside the dividend, but they signal a company assembling revenue that does not depend on crude alone.
In August, Aramco signed a shareholders' agreement with Maaden to form a joint venture for mineral exploration and hard-rock mining, expected to be 51% owned by Maaden and 49% by Aramco. The venture will explore Zone-4 across the Arabian Platform and takes Aramco into the mining sector.
On November 1, 2026, Aramco acquired 49% of HUMAIN, the artificial intelligence company owned by the Public Investment Fund, transferring key AI assets and contributing about $2.6B (SAR 9.9B) in cash during 2026. The stake widens its footprint in AI.
The stock closed 0.66% higher at $6.93 (SAR 26.1) on the Saudi Stock Exchange versus the previous session, leaving market capitalization at $1.68T (SAR 6.3T) as of November 2, 2026. Aramco ranked first on a 2026 list of the 100 most valuable companies in the Middle East, and Nasser ranked first in the oil and gas category of a 2026 sustainability leaders list.
