Saudi Aramco stock sits 7.80 percent below its 52-week high

Published on 10/08/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 adjusted net income reached SAR 251.9 billion, with a SAR 82.1 billion base dividend. Saudi Aramco stock is valued at SAR 6.2 trillion.

Saudi Aramco, SA14TG012N13, Illustration mit AI erstellt.

Saudi Aramco (ISIN SA14TG012N13) stock stood 7.80 percent below its SAR 27.96 52-week high on October 8, 2026, with the Saudi Exchange quote at SAR 25.78. The company has scheduled its third-quarter 2026 results for November 3, 2026, according to Argaam on October 5, 2026.

First-half cash supports the valuation

Saudi Aramco reported adjusted net income of SAR 251.9 billion for the first half of 2026, according to its investor materials dated August 4, 2026. The same report put free cash flow excluding working capital at SAR 226.0 billion and total hydrocarbon production at 11.0 million barrels of oil equivalent per day.

The company also disclosed a SAR 82.1 billion base dividend for the second quarter of 2026, scheduled for payment on August 27, 2026, up 3.50 percent from the same period a year earlier. These figures give the stock a substantial cash-return profile while the market waits for the next operating update.

Asia crude pricing is the counterweight

Pricing remains the key operating variable for the coming results. The National reported on October 5, 2026, that Saudi Aramco set the November Arab Light price for Asian buyers at USD 5.00 per barrel below the Oman and Dubai benchmark average, widening the discount from USD 2.00 in October. The company raised November prices for Europe by USD 3.00 per barrel and left prices for the United States unchanged from October.

The regional split matters because Asian volumes represent a major outlet for Saudi crude, while the lower differential can weigh on realized prices even as European pricing improves. The November discount also gives the third-quarter report a clear comparison point against the pricing environment described in the first half.

Saudi Exchange quote stays below the high

On the Saudi Exchange, ticker 2222 was last at SAR 25.78 on October 8, 2026 at 1:51 p.m. AST, against a 52-week range of SAR 23.29 to SAR 27.96. Saudi Aramco's market capitalization was SAR 6.2 trillion as of the same date, keeping the upcoming results and dividend policy central to the valuation discussion.