Saudi Aramco's profits jumped by approximately 25.5% during the first quarter of this year to SAR 120.1 billion, exceeding expectations of SAR 111.6 billion, compared to 95.7% in the first quarter of last year.

In its statement on Tadawul, the Saudi Stock Exchange, Aramco attributed this profit growth—its first in 13 quarters and the highest since the fourth quarter of 2022—to increased revenues and other sales-related income. This was partially offset by higher operating costs and increased income tax and zakat, due to the pressure of higher taxable income.

The Saudi energy giant's quarterly revenue grew 6.7% to reach SAR 433.1 billion, slightly below expectations of SAR 437 billion and compared to SAR 405.65 billion for the same quarter of 2025. This figure is higher than the fourth quarter of 2022. The increase is attributed to higher prices and sales volumes of refined and chemical products, in addition to higher crude oil sales volumes and prices.