Saudi Aramco restores Europe supply, target for Saudi Aramco stock is SAR 30.23

Published on 10/12/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 adjusted net income reached SAR 251.9 billion, up 33.00 percent. 18 analysts cover Saudi Aramco stock before results on November 3, 2026.

Key points in brief

Saudi Aramco had told European refiners it would restore requested crude volumes for November after its pipeline resumed operations.
First-half 2026 adjusted net income reached SAR 251.9 billion, up 33.00 percent year over year.
Saudi Aramco stock was last at SAR 25.64 on October 12, 2026, with a SAR 23.29 to SAR 27.96 52-week range.
MarketScreener cited 18 analysts and an average target of SAR 30.23.

Saudi Aramco, SA14TG012N13, Illustration mit AI erstellt.

Saudi Aramco (ISIN SA14TG012N13) had told European refiners it would provide all crude requested for November after its key pipeline resumed operations, Bloomberg reported on October 9, 2026. The stock trades under 2222 on the Saudi Exchange, and the ISIN is confirmed by finanzen.ch.

What does the supply reset change?

At least three European refiners said they would receive their full requested allocations in November, according to Bloomberg. That restores a customer channel disrupted in October and shifts attention from immediate availability toward Aramco's pricing and volume balance.

Profit growth meets volume pressure

Aramco's investor page lists adjusted net income of SAR 251.9 billion for the first half of 2026 and free cash flow excluding working capital of SAR 226.0 billion. The same page records a Q2 2026 base dividend of SAR 82.1 billion, with payment scheduled for August 27, 2026, and links the figures to the company's interim reporting.

MarketScreener reported on September 17, 2026 that first-half revenue reached SAR 883.9 billion, up 12.70 percent year over year, while adjusted EBIT rose 20.50 percent to SAR 443.2 billion. The report also listed 10 Buy ratings and eight Hold ratings among 18 analysts, with an average target of SAR 30.23.

Three dated signals for the stock

On August 4, 2026, Aramco's first-half adjusted net income stood at SAR 251.9 billion, according to the company's investor page. On September 17, 2026, MarketScreener put first-half revenue at SAR 883.9 billion and adjusted EBIT at SAR 443.2 billion. On October 9, 2026, Bloomberg reported the planned restoration of full November crude allocations to European refiners.

Dates investors can mark

Aramco lists November 3, 2026, for the Q3 2026 results announcement and earnings call. The company says the webcast will begin at 11:00 a.m. Riyadh time, while MarketScreener also lists November 3, 2026, as the Q3 results date.

Stock valuation and trading level

Saudi Aramco was last at SAR 25.64 on the Saudi Exchange on October 12, 2026 at 10:08 a.m. AST. Its market capitalization was SAR 6.2 trillion, while the 52-week range stood at SAR 23.29 to SAR 27.96. The SAR 30.23 average analyst target cited by MarketScreener provides a separate valuation reference from the current trading level.

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