Saudi Aramco stock reports SAR 251.9 billion H1 income

Published on 09/30/2026 at 14:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Aramco stock reported SAR 251.9 billion in adjusted H1 2026 net income on August 4, 2026. Its SAR 82.1 billion Q2 base dividend rose 3.5 percent year over year.

Saudi Aramco, SA14TG012N13, Illustration mit AI erstellt.

Saudi Aramco (ISIN SA14TG012N13) reported SAR 251.9 billion in adjusted net income for H1 2026, according to Saudi Aramco on August 4, 2026. The company also delivered a SAR 82.1 billion Q2 2026 base dividend, up 3.5 percent year over year.

Gas strategy adds a new angle

Saudi Aramco hired an adviser to help establish a standalone gas unit, Argaam reported on September 27, 2026. The move gives investors a new way to assess the value of the company's gas assets alongside its established oil and refining operations.

The H1 figures show the scale of that integrated model. Adjusted net income reached SAR 251.9 billion, while free cash flow excluding working capital stood at SAR 226.0 billion for the same period, both reported in the company's H1 2026 investor materials.

Dividend strength meets production scale

Operational output totaled 11 million barrels of oil equivalent per day in H1 2026. Liquids production was 9.1 million barrels per day and gas production reached 10.2 billion standard cubic feet per day, giving the dividend an operating base broader than crude production alone.

The dividend comparison is particularly important for income-oriented shareholders: the SAR 82.1 billion Q2 base payment was 3.5 percent higher than a year earlier. The increase came alongside a period in which Aramco described operating conditions as among the most challenging in its history.

Analyst target remains above Tadawul quote

Investing.com listed an average 12-month analyst target of SAR 30.23 on September 29, 2026, with stated upside of 20.06 percent and 10 buy recommendations. The same page gives November 3, 2026 as the next earnings date, making the Q3 update the next scheduled checkpoint for the operating story.

Market value reaches SAR 6.1 trillion

Saudi Aramco was last at SAR 25.22 on Tadawul on September 30, 2026 at 5:19 p.m. AST, against a 52-week range of SAR 23.29 to SAR 27.96. Its market capitalization was SAR 6.1 trillion on that date, keeping the scale of the company central to any assessment of its gas expansion and shareholder distributions.