Fuel / NEWS UPDATE
Saudi Aramco Profit Beats Expectations as Oil Prices Soar
Published · 1 min read
Saudi Aramco reported a third-quarter adjusted net income of $31.2 billion, surpassing analyst expectations of $28.7 billion.
Higher crude oil and fuel prices, despite attacks on its assets, drove the increase. Aramco's downstream division saw a 234% year-on-year rise in earnings before interest and tax, due to stronger refining margins. The company maintained its Q3 2026 base dividend at $21.9 billion, up 3.5% from the previous year.