Saudi Aramco Net Worth 2026: Market Value, Profit, Dividends

Saudi Aramco is worth about $1.65 trillion (roughly SAR 6.2 trillion) by market value. That was its stock market capitalisation at the close of trading on Tadawul on 26 October 2026. It makes Aramco the world’s most valuable energy company and the eighth most valuable listed company overall. On its balance sheet, the company reported total equity of about $459 billion at the end of 2025.

What “Net Worth” Means for a Company

Companies do not have a net worth in the way a person does. Analysts usually use one of two measures. The first is market capitalisation: the share price multiplied by the number of shares in issue. This is what investors are prepared to pay for the whole business today, and it changes every trading day.

The second is book value, or shareholders’ equity, which is assets minus liabilities as shown in the audited accounts. Aramco’s market value is far higher than its book value. That gap reflects the worth investors place on its oil and gas reserves, its very low production costs and its dividend payments.

Saudi Aramco Market Value in October 2026

On 26 October 2026, Aramco shares rose 1.67% to SAR 25.60 on the Saudi Exchange. That gave the company a market value of about $1.651 trillion, according to 24/7 Wall St. On that figure Aramco overtook Meta to rank eighth among the world’s listed companies. With roughly 242 billion shares in issue, the same price works out to about SAR 6.2 trillion. The riyal is pegged at 3.75 to the dollar.

The rise has come mostly from oil prices. Brent crude settled near $116 a barrel on 26 October, about twice its late-2025 level, after shipping through the Strait of Hormuz was disrupted. Aramco’s market value finished 2025 at about $1.53 trillion. In 2026 it has gained around 8%, which is modest against the jump in crude. For context on where Aramco sits among the biggest businesses, see our Top 10 Companies in the World 2026 ranking.

Aramco Compared With Other Oil Majors

All figures below come from a single snapshot: CompaniesMarketCap, accessed on 30 October 2026. Market values change every day.

Aramco is worth more than ExxonMobil, Chevron, Shell and PetroChina put together.

Book Value: Shareholders’ Equity

Aramco’s audited 2025 results put total equity at SAR 1,721.7 billion ($459.1 billion) on 31 December 2025. About $61 billion of that belongs to non-controlling interests, mainly minority holders in subsidiaries such as SABIC. That leaves roughly $398 billion attributable to Aramco’s own shareholders. The company has not yet released a year-end figure for 2026.

Profit and Revenue: 2025 and 2026

Lower oil prices made 2025 a weaker year. Net income fell about 12% to $93.4 billion, and revenue fell 7.2% to $415.8 billion, Reuters reported on 10 March 2026. Adjusted net income, the measure Aramco prefers, was $104.7 billion. Free cash flow was $85.4 billion and capital spending was $52.2 billion. Total hydrocarbon production averaged 12.9 million barrels of oil equivalent per day.

With the 2025 results, Aramco also announced its first share buyback, of up to $3 billion over 18 months.

Profit then rose sharply in 2026. For the second quarter, reported on 4 August 2026, net income was $32.7 billion, up 42% on a year earlier. Adjusted net income was $33.4 billion. Argus put quarterly revenue at about $139 billion. First-half net income reached $65.2 billion.

Output fell even as profit rose. Production dropped to 9.46 million barrels of oil equivalent per day in the second quarter, from 12.6 million in the first. To keep exporting, Aramco ran its 7 million barrel-a-day East-West Pipeline to the Red Sea port of Yanbu at full capacity. CEO Amin Nasser said the company kept supplies moving despite “unprecedented supply disruption through the Strait of Hormuz”.

Aramco is due to report third-quarter 2026 results on 3 November 2026.

Dividends: From Record Payouts to a Base-Only Policy

Dividends are the main reason many investors hold Aramco. The policy has changed over the past two years. In 2023 the company added a “performance-linked” dividend to its regular base dividend, which pushed total payouts to about $124 billion in 2024. In March 2025, after a drop in cash flow, Aramco cut the performance-linked part sharply and guided to about $85 billion in total dividends for the year.

Total distributions in 2025 came to $85.5 billion. The performance-linked element fell to a few hundred million dollars a quarter. The base dividend has kept growing. The fourth-quarter 2025 base dividend was $21.89 billion, up 3.5% on a year earlier.

For the second quarter of 2026, the board declared a base dividend of $21.9 billion, about SAR 0.34 a share, paid on 27 August. No performance-linked amount was announced. The government receives most of this money, so the payout matters a great deal for Saudi public finances.

Production Capacity and Reserves

Aramco’s maximum sustainable crude capacity is 12 million barrels a day. In August, Nasser said output could get back to pre-conflict levels within days, and reach the full 12 million within about three weeks, once shipping through Hormuz returns to normal. Aramco has also targeted roughly 80% growth in sales gas capacity by 2030 compared with 2021, with the Jafurah unconventional gas field central to that plan.

Who Owns Saudi Aramco

The Saudi state still owns almost all of the company. Shareholder data from MarketScreener shows the Government of Saudi Arabia holding about 81.5% and the Public Investment Fund (PIF) holding 16%. PIF received its stake in two 8% transfers, the second in March 2024. The free float is less than 3%.

Aramco’s most recent share sale was the June 2024 secondary offering, priced at SAR 27.25 a share. Including the over-allotment, it raised about $12.35 billion. We could not find any confirmed new public offering of Aramco shares in 2025 or 2026. More analysis of Gulf and global markets is available in our Markets & Finance section.

Leadership

Amin H. Nasser has been President and CEO since 2015 and led the company through its 2019 IPO. He presented both the 2025 annual results and the second-quarter 2026 results.

Frequently Asked Questions

What is Saudi Aramco’s net worth in 2026?

By market value, Aramco was worth about $1.65 trillion (around SAR 6.2 trillion) on 26 October 2026. Its book value, meaning total equity, was $459.1 billion at the end of 2025.

How much profit did Aramco make in 2025?

Aramco reported net income of $93.4 billion for 2025, down about 12% on 2024, on revenue of $415.8 billion. Adjusted net income was $104.7 billion.

Does Aramco still pay a performance-linked dividend?

The performance-linked dividend was cut sharply in 2025. The second-quarter 2026 declaration was a base dividend of $21.9 billion, with no performance-linked amount announced.

Is Aramco bigger than ExxonMobil?

Yes. At about $1.67 trillion on 30 October 2026, Aramco’s market value was more than twice ExxonMobil’s $754 billion. For more company valuations, read our Apple Net Worth 2026 profile.