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Aramco's Q3 net income rises 9% to $31.2B, driven by a 234% jump in refining earnings.

Company Fundamentals
03 Nov 2026, 09:24 WIB
CNBC
View Source
Bullish
Aramco's Q3 net income rises 9% to $31.2B, driven by a 234% jump in refining earnings.

Aramco reported a 9% increase in third-quarter adjusted net income to $31.2 billion, surpassing analyst expectations. The significant boost was driven by a 234% rise in earnings from its downstream refining business amid stronger refining margins. Despite geopolitical tensions impacting global energy supply, Aramco maintained operational flexibility and is expanding storage and export options. The company also declared a 3.5% higher base dividend of $21.9 billion for the quarter and continues progressing on major upstream projects while investing in AI through a stake in HUMAIN.

Aramco's recent profit rise is presented here with Pluang's Energy sector market data as of Nov 03, 2026 13:41 WIB: Among 79 priced US Energy stocks, 28 advanced and 47 declined. Notable movers include Noble Corporation plc (NE) at USD 45.60 with a -6.94% change, Ovintiv Inc. (OVV) at USD 67.87 down 6.54%, and Devon Energy Corp (DVN) at USD 48.74, which saw a 17% sell and 83% buy order split on Pluang. The most notable figure is the 83% buy order activity for DVN.

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