Gulf Insider
Saudi Aramco’s net income reached SR122 billion in 2026, compared to SR97.5 billion in 2025, according to the company’s Q1 results. Aramco explained that its adjusted net income reached SR126 billion, up from SR99.8 billion in the same period last year. The company noted that cash flow from operating activities stood at SR115.2 billion, compared to SR118.9 billion in 2025, while free cash flow reached SR69.9 billion, compared to SR71.8 billion in the first quarter of last year, impacted by a SR59.1 billion increase in working capital. Gearing reached 4.8 percent as of March 31, 2026, compared to 3.8 percent at the end of 2025, while capital expenditures totaled SR45.4 billion in Q1, supporting the company’s growth objectives. The Board of Directors also confirmed base dividend distributions for the first quarter of 2026 worth SR82.1 billion, marking a 3.5 percent year-on-year increase, to be paid in the second quarter. Aramco further reported that return on average capital employed stood at 20.7 percent during the first quarter of 2026, while the average realized crude oil price reached $76.9 per barrel. President and CEO of Saudi Aramco, Amin H. Nasser, said the company’s first-quarter performance reflected strong operational resilience and a high […]
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