Saudi Aramco reported Q1 2026 net profit of SAR 120.13 billion (USD 32.04 billion), up 25.6% year-on-year and above analyst estimates of USD 31 billion.
Revenue climbed 6.8% to SAR 433.1 billion (USD 115.49 billion), supported by higher crude prices, stronger sales volumes and improved downstream performance.
Adjusted net income reached SAR 125.97 billion (USD 33.59 billion), while free cash flow stood at USD 18.6 billion.
Aramco declared a base dividend of USD 21.9 billion, up 3.5% year-on-year.
The company said its East-West pipeline operated at full 7 million barrels per day capacity, supporting export continuity amid regional supply pressures.
Aramco shares are up 15% year-to-date, with Brent crude trading above USD 100 per barrel.
Gulf Economist Staff Writer