Saudi Aramco’s quarterly net profit rises 35% to $36.3bn

Saudi Aramco reported net income of $36.25 billion for the third quarter of 2026, up from $26.94 billion in the same period a year earlier.

The company said higher revenue and a gain from selling its stake in the PRefChem refining and petrochemicals venture helped drive the increase, partly offset by higher operating costs. It recorded a $6.9 billion gain on the sale.

Adjusted net income rose by a smaller 9% to $31.2 billion, from $28.6 billion a year earlier. This company-defined measure excludes certain items, including the sale gain. Aramco revised the 2025 adjusted figure for comparison.

The company said higher prices for crude oil, refined products and chemicals helped lift revenue, partly offset by lower volumes sold. Stronger refining margins also boosted earnings in its downstream business.

Aramco paid $65.7 billion in base dividends during the first nine months of 2026. The Saudi government was its largest shareholder, with a direct stake of 81.48% at the end of September.