Overview
- Adjusted net income rose 0.9% to 104.92 billion riyals ($27.98 billion), while reported net profit fell 2.3% to 101.02 billion riyals ($26.94 billion).
- Free cash flow reached $23.6 billion and operating cash flow totaled $36.1 billion for the quarter.
- The board declared a $21.1 billion base dividend and a $0.2 billion performance-linked payout scheduled for payment in the fourth quarter.
- Aramco lifted its 2030 sales-gas capacity growth target to about 80% above 2021 levels and closed an $11 billion, 20-year leaseback of Jafurah gas-processing assets with Global Infrastructure Partners.
- The company completed a 22.5% stake purchase in Petro Rabigh for $701.8 million to take ownership to roughly 60% as OPEC+ set a 137,000 bpd output increase for December and paused hikes in the first quarter.