Saudi Aramco reports a 25% year-on-year rise in Q1 2026 net income, driven by tighter oil supplies and strong operational performance.
Saudi Aramco posted a 25% increase in Q1 2026 net income to $33.6bn, up from $26.6bn a year earlier, as global oil supply constraints supported prices. The company’s adjusted net income rose 26.3% over the same period.
Cash flow from operating activities reached $30.7bn, slightly below the $31.7bn recorded in Q1 2025, while free cash flow dipped to $18.6bn from $19.2bn. Capital expenditures fell to $12.1bn from $12.5bn, reflecting disciplined spending amid growth initiatives.
CEO Amin Nasser warned that oil supplies have declined by an estimated one billion barrels over the past two months due to shipping disruptions in the Strait of Hormuz. The company’s East-West Pipeline hit its maximum capacity of seven million barrels per day, boosting export flexibility.