Saudi Aramco reported $93.4 billion in net income for full-year 2025, a 12% decline from 2024, as lower crude oil prices pulled annual revenue down to $445.7 billion. The company bounced back in Q1 2026 with adjusted net income of $33.6 billion, up 26% year over year. This article compiles the latest Saudi Aramco statistics covering revenue, profit, oil production, market capitalization, and workforce data through May 2026.
Saudi Aramco Statistics 2026 – TL;DR
Saudi Aramco’s market cap reached $1.796 trillion as of May 2026, making it the world’s 8th most valuable company.
Full-year 2025 revenue came in at $445.7 billion, down from $480.57 billion in 2024.
Q1 2026 adjusted net income hit $33.6 billion, a 26% year-over-year increase driven by higher crude prices and export volumes.
Total hydrocarbon production averaged 12.9 million barrels of oil equivalent per day in 2025, rising to 13.2 million boed in Q4 2025.
The company employs more than 76,000 people and manages hydrocarbon reserves of 247.2 billion barrels of oil equivalent.
How Much Revenue Does Saudi Aramco Generate?
Saudi Aramco recorded $445.7 billion in total revenue for fiscal year 2025. That figure dropped 7.3% from the $480.57 billion posted in 2024, primarily due to lower average crude oil prices throughout the year. The trailing twelve-month revenue as of May 2026 stood at $448.63 billion, according to CompaniesMarketCap data.
Q1 2026 revenue reached approximately 431.45 billion SAR, exceeding analyst expectations by 2.95%. This quarterly performance was supported by rising crude prices linked to geopolitical disruptions around the Strait of Hormuz and higher export volumes through the East-West Pipeline.
| Year | Revenue (USD Billions) | Year-over-Year Change |
|---|---|---|
| 2021 | $400.0 | +93.6% |
| 2022 | $535.0 | +33.8% |
| 2023 | $495.1 | -7.5% |
| 2024 | $480.6 | -2.9% |
| 2025 | $445.7 | -7.3% |
Source: Saudi Aramco Annual Reports, CompaniesMarketCap
What Is Saudi Aramco’s Net Income?
Saudi Aramco’s net income for 2025 totaled $93.4 billion, down 12% from $106.25 billion in 2024. The decline followed a pattern of falling profits since the record year of 2022, when net income reached $161.1 billion on the back of surging global energy prices. For context, ExxonMobil’s 2025 earnings dropped 14.5%, while BP’s underlying profit fell about 16%, making Aramco’s decline comparatively smaller among oil majors.
The Q1 2026 recovery was sharp. Adjusted net income climbed to $33.6 billion from $26.6 billion a year earlier, a 26% increase. Net income for Q1 2026 was approximately $32.5 billion, with earnings per share of $0.4894 beating the $0.4015 forecast by nearly 22%.
| Year | Net Income (USD Billions) | Year-over-Year Change |
|---|---|---|
| 2021 | $110.0 | +124.5% |
| 2022 | $161.1 | +46.5% |
| 2023 | $121.3 | -24.7% |
| 2024 | $106.3 | -12.4% |
| 2025 | $93.4 | -12.1% |
Source: Saudi Aramco Financial Results, CompaniesMarketCap
Saudi Aramco Market Cap in 2026
Saudi Aramco’s stock trades on the Saudi Exchange (Tadawul) under ticker 2222 at approximately SAR 27.96 as of May 19, 2026. That gives the company a market capitalization of $1.796 trillion, according to CompaniesMarketCap. This positions Aramco as the 8th most valuable publicly traded company globally.
That valuation has fallen considerably from a 2022 peak of roughly $2.5 trillion, when oil prices traded above $100 per barrel for extended periods. The company’s IPO in December 2019 initially valued it at about $1.88 trillion. Nine analysts rate Saudi Aramco as a “Buy” with an average 12-month price target of SAR 28.28, according to Quantumrun data from early 2026.
| Metric | Value (May 2026) |
|---|---|
| Stock Price | SAR 27.96 |
| Market Cap (USD) | $1.796 Trillion |
| Market Cap (SAR) | 6.76 Trillion |
| Global Rank by Market Cap | 8th |
| Exchange | Tadawul (Saudi Exchange) |
| Ticker | 2222 |
Source: CompaniesMarketCap, TradingView, Investing.com
For comparison, Apple’s market cap exceeded $3.5 trillion and Microsoft’s surpassed $3 trillion in May 2026, while Amazon held about $2.2 trillion. Among oil companies, Aramco remains the largest by a wide margin; ExxonMobil is the second-largest oil company by market cap.
How Much Oil Does Saudi Aramco Produce?
Saudi Aramco’s total hydrocarbon production averaged 12.9 million barrels of oil equivalent per day (mmboed) during full-year 2025. In Q4 2025, output increased to 13.2 mmboed, reflecting the unwinding of OPEC+ voluntary production cuts. Total liquids production reached approximately 10.5 million barrels per day in mid-2025.
The company’s maximum sustainable crude oil production capacity stands at 12 million barrels per day, a target CEO Amin Nasser confirmed Aramco can maintain for a full year without additional investment. Saudi Arabia produced about 9 million bpd of crude oil in early 2025 under OPEC+ limits, ramping up to roughly 9.7 million bpd by August 2025 as voluntary cuts were phased out.
In Q1 2026, the East-West Pipeline reached its full capacity of 7 million barrels per day, enabling Aramco to route exports through Saudi Arabia’s west coast and bypass the disrupted Strait of Hormuz.
| Production Metric | Value |
|---|---|
| FY 2025 Total Hydrocarbon Production | 12.9 million boed/day |
| Q4 2025 Total Hydrocarbon Production | 13.2 million boed/day |
| Maximum Sustainable Crude Capacity | 12 million bpd |
| East-West Pipeline Capacity (Q1 2026) | 7 million bpd |
| Proven Hydrocarbon Reserves (End 2025) | 247.2 billion boe |
Source: Saudi Aramco Q1 2026 Results, Rigzone, CNBC
Saudi Aramco Dividend and Cash Flow
Saudi Aramco declared a Q1 2026 base dividend of $21.9 billion, up 3.5% from the same quarter a year earlier. The Saudi government, which owns 82.19% of the company, receives the bulk of these payouts. The Public Investment Fund holds another 12%, and Sanabil Investments owns 4%.
Free cash flow for full-year 2025 reached $85.4 billion, while Q1 2026 free cash flow stood at $18.6 billion. Operating cash flow for Q1 2026 was $30.7 billion, down marginally from $31.7 billion in Q1 2025 due to a $15.8 billion working capital build. The company’s gearing ratio rose to 4.8% at the end of Q1 2026 from 3.8% at year-end 2025, though that remains the lowest in the peer group among major oil producers.
Aramco also launched a share buyback program of $2 to $3 billion over 18 months starting in March 2026. Capital expenditure for FY 2025 totaled $52.2 billion, with 2026 guidance set between $50 billion and $55 billion.
| Financial Metric | FY 2025 | Q1 2026 |
|---|---|---|
| Base Dividend | ~$84.4B (annual) | $21.9B |
| Free Cash Flow | $85.4B | $18.6B |
| Operating Cash Flow | — | $30.7B |
| Capital Expenditure | $52.2B | $12.1B |
| Gearing Ratio | 3.8% | 4.8% |
| ROACE | 19.8% | 20.7% |
Source: Saudi Aramco Q1 2026 Results Press Release, Aramco Investor Relations
Saudi Aramco Q1 2026 Earnings Breakdown
Aramco’s Q1 2026 results reflected the impact of the Strait of Hormuz disruption, which began in late February 2026. Cumulative liquids supply losses exceeded 1.4 billion barrels globally during the disruption. Aramco offset this by rerouting exports through the East-West Pipeline at full capacity and using domestic and international storage reserves.
The upstream segment continued to generate the majority of earnings. Downstream adjusted EBIT for FY 2025 had already surged over 4x to $10 billion, helped by record refining availability and synergies from the SABIC integration completed in 2020. In Q1 2026, nearly 51% of Aramco’s crude output was processed through its own downstream operations.
Technology-driven savings reached $5.3 billion in 2025 from AI, digital solutions, and other technology applications. That brought cumulative technology-realized value to $11.3 billion since 2023.
Saudi Aramco Workforce and Operations
Saudi Aramco employs more than 76,000 people as of 2026, according to the company’s official investor relations page. The workforce spans engineering, geoscience, digital technology, research, safety, and operations roles. The company is headquartered in Dhahran, Saudi Arabia, and operates across the Kingdom and internationally.
Aramco manages over 100 oil and gas fields in Saudi Arabia, including the Ghawar Field, the world’s largest onshore oil field, and the Safaniya Field, the world’s largest offshore oil field. The company also runs the Master Gas System, the largest single hydrocarbon network on the planet. Its downstream portfolio includes majority ownership of SABIC, one of the world’s largest petrochemical companies, along with refining joint ventures across Saudi Arabia, South Korea, the US, and Malaysia.
Aramco installed Saudi Arabia’s first quantum computer in partnership with Pasqal at its Dhahran data center in early 2026, a 200-qubit system designed for industrial applications.
Saudi Aramco Statistics Compared to Other Oil Majors
Aramco’s adjusted earnings decline of 5% in 2025 was the smallest among supermajors. ExxonMobil’s earnings fell 14.5%, BP’s underlying profit dropped about 16%, and Shell’s adjusted earnings declined 22% year over year. Aramco’s return on average capital employed of 19.8% for 2025 was roughly double the average among major international oil companies.
| Company | 2025 Earnings Change (YoY) | Approximate Market Cap (May 2026) |
|---|---|---|
| Saudi Aramco | -5% (adjusted) | $1.80 Trillion |
| ExxonMobil | -14.5% | ~$500 Billion |
| Shell | -22% (adjusted) | ~$210 Billion |
| BP | -16% (underlying) | ~$85 Billion |
Source: BayelsaWatch, Company Earnings Reports
FAQs
What is Saudi Aramco’s revenue in 2025?
Saudi Aramco recorded $445.7 billion in total revenue for fiscal year 2025, a 7.3% decrease from 2024 driven primarily by lower average crude oil prices.
How much profit did Saudi Aramco make in Q1 2026?
Aramco posted adjusted net income of $33.6 billion in Q1 2026, up 26% year over year. Net income was approximately $32.5 billion for the quarter.
What is Saudi Aramco’s market cap in 2026?
As of May 2026, Saudi Aramco’s market capitalization is $1.796 trillion, making it the 8th most valuable publicly traded company globally.
How many barrels of oil does Saudi Aramco produce daily?
Total hydrocarbon production averaged 12.9 million barrels of oil equivalent per day in 2025, with Q4 2025 reaching 13.2 million boed. Maximum sustainable crude capacity is 12 million bpd.
How many employees does Saudi Aramco have?
Saudi Aramco employs more than 76,000 people as of 2026, working across engineering, operations, research, digital technology, and corporate functions worldwide.
Sources:
https://www.aramco.com/en/investors
https://companiesmarketcap.com/saudi-aramco/revenue/
https://www.indexbox.io/blog/saudi-aramco-q1-2026-net-income-rises-25-to-325bn/
With many years of professional experience within transnational corporations in different industries, Richard Jaimes has had the opportunity to lead people and organizations, investigate future topics, create strategies and innovations, consult senior management and translate insights into business advantages. Richard is also a long time senior consultant with Quantumrun Foresight.
