Aramco Q3 Profit Rises 34.5% to $36.25 Billion

Saudi Aramco’s net profit rose 34.5% year on year to $36.25 billion in the third quarter of 2026, as higher revenue and a gain from selling its stake in a refining and petrochemicals venture lifted earnings. The company’s adjusted net income, which excludes certain items, increased 9% to $31.2 billion from $28.6 billion a year earlier. Aramco attributed the increase in net profit primarily to higher revenue and other income related to sales, along with the gain on its disposal of its interest in PRefChem. Higher operating costs partly offset those gains. Aramco sold its stake in the Malaysian venture to PETRONAS in September. A separate report put the accounting gain at $6.91 billion, including liabilities removed from the accounts and additional receivables. The company’s board declared a third-quarter base dividend of $21.9 billion, up 3.5% from a year earlier and payable in the fourth quarter. Aramco also reported operating cash flow of $38.7 billion, compared with $36.1 billion in the same quarter last year, and free cash flow of $28.2 billion, up from $23.6 billion. Oil prices were higher during the quarter, while reports described lower output and disruptions to exports...