SEATTLE (Oil Monster): Saudi Aramco reported stronger first-quarter 2026 earnings, posting adjusted net income of $33.59 billion, supported by higher crude oil prices and largely stable production despite geopolitical tensions across the Middle East.
The figure marked a 34% sequential increase and a 26% year-on-year rise, while unadjusted net income climbed to $32.54 billion. Earnings per share stood at $0.13, and the company declared $21.9 billion in dividends, up 3.5% from a year earlier.
Aramco said regional instability increased oil market volatility and disrupted supply flows, but its contingency planning allowed crude shipments to be rerouted through the East-West Pipeline, which reached its full 7 million barrels-per-day capacity during the quarter.
Average upstream production reached 12.61 million barrels of oil equivalent per day, with liquids production at 10.56 million barrels daily. Average realized crude prices rose to $76.90 per barrel, compared to $64.10 in the previous quarter.
Revenue increased 12% quarter-on-quarter to $124.6 billion, while operating profit rose to $59.34 billion. Free cash flow totaled $18.64 billion.
Aramco said its strong infrastructure resilience and operational flexibility enabled it to maintain financial stability despite impacts to certain facilities, with no material effect on overall cash flow or operations.
YOU MAY ALSO BE INTERESTED IN:
Saudi Aramco Boosts Yanbu Exports Amid Hormuz Supply Disruptions
Saudi Aramco Moves to Restore Oil Exports Amid Middle East Conflict
