Saudi Aramco Q3 Profit Rises as Higher Oil Prices Offset Lower Volumes
Saudi Aramco's third-quarter net income reached $36.25 billion versus $26.94 billion a year earlier, despite lower sales volumes.
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what happened
State-run Saudi Arabian Oil Co., known as Saudi Aramco (2222.SR), reported a sharp rise in third-quarter profit on Tuesday. According to RTTNews, shared via dpa-AFX, revenue gained from higher prices for crude, refined products and chemicals, even though sales volumes fell.
Net income rose to $36.252 billion from $26.937 billion a year earlier. Adjusted net income grew 9% to $31.198 billion. Revenue and other income from sales increased to $140.492 billion from $111.509 billion. The average realized crude price climbed to $95.2 per barrel from $70.1 last year.
The board declared a third-quarter base dividend of $21.9 billion, up 3.5% year on year, payable in the fourth quarter.
why it matters
The results show that higher oil prices more than offset weaker volumes, supporting cash flow at the world's largest crude exporter. For markets, this signals that oil producers' earnings remain strong on expensive crude, and the higher base dividend matters for income-focused investors.
market impact
Oil and energy stocks: higher prices and Aramco's profit support sector earnings expectations
- Saudi Aramco shares pressure up — higher realized crude prices and a dividend increase support earnings expectations
tags
instruments
sources
- Saudi Aramco Q3 Profit Climbs On Higher Prices — TradingView, 3 November 2026 at 06:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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