Riyadh: Saudi Aramco announced today its financial results for Q1 of 2026, with operational flexibility and resilience underpinning strong performance during the quarter.

According to Saudi Press Agency, the company reported adjusted net income of $33.6 billion, compared to $26.6 billion in Q1 2025. Cash flow from operating activities reached $30.7 billion, compared to $31.7 billion in Q1 2025. Free cash flow reached $18.6 billion, compared to $19.2 billion in Q1 2025, impacted by $15.8 billion of working capital build. The gearing ratio stood at 4.8% as at March 31, 2026, compared to 3.8% at end of 2025. Capital expenditures were $12.1 billion in Q1, supporting growth objectives.

The board of directors declared a Q1 2026 base dividend of $21.9 billion, up 3.5% year-on-year, to be paid in the second quarter.

The East-West Pipeline was ramped up to reach its maximum capacity of 7.0 million barrels per day in Q1, supporting exports via Saudi Arabia's west coast. Aramco's domestic and international storage capacity provided additional optionality, while investment in critical infrastructure and contingency planning supported operational continuity and helped mitigate disruption.

Aramco President and CEO Amin Nasser commented on the results, stating that Aramco's first-quarter performance reflects resilience and operational flexibility in a complex geopolitical environment. The East-West Pipeline, which reached its maximum capacity, has proven to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz.

He further emphasized the vital contribution of oil and gas to energy security and the global economy, highlighting the importance of a reliable energy supply. Despite these challenges, Aramco remains focused on its strategic priorities and is leveraging both its domestic infrastructure and global network to navigate disruption.