Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ended 2026-03-31 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	433.1	405.65	6.766	388.7	11.422
Gross Profit (Loss)	-	-	-	-	-
Operational Profit (Loss)	222.54	191.36	16.293	154.85	43.713
Net Profit (Loss) Attributable to Shareholders of the Issuer	120.13	95.68	25.553	69.47	72.923
Total Comprehensive Income Attributable to Shareholders of the Issuer	121.55	95.11	27.799	72.93	66.666
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,531.72	1,473.62	3.942
Profit (Loss) per Share	0.5	0.4
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Total revenue for the first quarter of 2026 was SAR 433.10 billion ($115.49 billion), compared to SAR 405.65 billion ($108.17 billion) for the same quarter in 2025. The increase in revenue was mainly due to higher prices and volumes sold of refined and chemical products as well as higher crude oil volumes sold and higher crude oil prices.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net income attributable to shareholders' equity for the first quarter of 2026 was SAR 120.13 billion ($32.04 billion), compared to SAR 95.68 billion ($25.51 billion) for the same quarter in 2025. The increase was mainly driven by higher revenue and other income related to sales, partially offset by higher operating costs and an increase in income taxes and zakat driven by higher taxable income compared to the same quarter of the previous year.

Element List

Explanation

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is

Total revenue for the first quarter of 2026 was SAR 433.10 billion ($115.49 billion), compared to SAR 405.65 billion ($108.17 billion) for the same quarter in 2025. The increase in revenue was mainly due to higher prices and volumes sold of refined and chemical products as well as higher crude oil volumes sold and higher crude oil prices.

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is

Net income attributable to shareholders' equity for the first quarter of 2026 was SAR 120.13 billion ($32.04 billion), compared to SAR 95.68 billion ($25.51 billion) for the same quarter in 2025. The increase was mainly driven by higher revenue and other income related to sales, partially offset by higher operating costs and an increase in income taxes and zakat driven by higher taxable income compared to the same quarter of the previous year.

*Adjusted net income for the first quarter of 2026 was SAR 125.97 billion ($33.59 billion). Total adjustments of SAR 3.96 billion ($1.06 billion) are mainly related to replacement cost adjustment, (gains) losses on fair value remeasurement of certain commodity derivatives, and adjusting items related to finance cost.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Total revenue for the first quarter of 2026 was SAR 433.10 billion ($115.49 billion), compared to SAR 388.70 billion ($103.65 billion) for the fourth quarter of 2025. The increase in revenue was mainly due to higher prices of crude oil and refined and chemical products, partially offset by lower volumes sold of refined and chemical products, as well as lower volumes sold of crude oil compared to the previous quarter.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net income attributable to shareholders' equity for the first quarter of 2026 was SAR 120.13 billion ($32.04 billion), compared to SAR 69.47 billion ($18.53 billion) for the fourth quarter of 2025. The increase was mainly due to the impact of higher revenue and other income related to sales, and lower operating costs. This was partially offset by an increase in income taxes and zakat driven by higher taxable income compared to the previous quarter.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) -Reclassification of Comparison Items Certain comparative amounts for 2025 have been reclassified to conform to the current period presentation.Additional Information - Given the nature of Saudi Aramco’s business in exploring, prospecting, drilling and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit.

- Other income related to sales was SAR 34.14 billion for the first quarter of 2026 (Q1 2025: SAR 23.97 billion, Q4 2025: SAR 27.59 billion). As a result, revenue and other income related to sales amounted to SAR 467.24 billion for the first quarter of 2026 (Q1 2025: SAR 429.61 billion, Q4 2025: SAR 416.29 billion).Attached Documents

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