Overview
- Saudi Aramco reported adjusted net income of 104.92 billion riyals, up 0.9% year over year, while statutory net profit was 101.02 billion riyals, a 2.3% decline.
- Management said production increased with minimal incremental cost, supporting free cash flow of $23.6 billion and revenue of 418.16 billion riyals.
- The board authorized a fourth-quarter payout comprising a $21.1 billion base dividend and a $0.2 billion performance‑linked dividend.
- Aramco raised its 2030 sales gas capacity target to about 80% above 2021 levels, citing growth that includes the Jafurah unconventional gas field.
- Recent moves included purchasing an additional 22.5% stake in Petro Rabigh for $701.8 million to lift ownership to roughly 60% and taking a minority stake in AI firm HUMAIN.