Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Saudi Aramco — H1 2026 Earnings Presentation
17 slides from Saudi Arabian Oil's earnings presentation, Aug 4, 2026
Slide 1: H1 2026 Results
H1 2026 Results August 4, 2026 2026 Saudi Aramco | Company General Use A leading global energy partner Saudi Aramco H1 2026 Results | 1
Slide 2: Cautionary notes
Cautionary notes This presentation may contain certain forward-looking statements with respect to the Saudi Arabian Oil Company’s ("Aramco" or the "Company" or "we") financial position, results of operations and business and certain of its plans, intentions, expectations, assumptions, goals and beli
Slide 3: Amin Nasser, President & CEO
Amin Nasser President & CEO 2026 Saudi Aramco | Company General Use
Slide 4: A leading global energy partner: delivering for customers and investors
A leading global energy partner: delivering for customers and investors Unprecedented market impact with ongoing volatility > Major supply disruptions persist: >2bn barrels loss1 in Strait of Hormuz, global inventories down significantly > Key supplier in tight market: global inventories refill expe
Slide 5: Aramco well-positioned for a strong H2 market despite market disruptions
Aramco well-positioned for a strong H2 market despite market disruptions Supply losses and offsets (mmbbl)1 Global products stocks (mmbbl)2 SoH vessel crossings (Count)3 Hormuz liquidsloss SoH liquids loss Cumulative Net cumulativeloss loss 5 year range 2025 2026 5 year average 5 year range 2025 202
Slide 6: Aramco in action: navigating challenges, demonstrating resilience
Aramco in action: navigating challenges, demonstrating resilience Asset optionality Proven resilience • Optionality of three key routes: Arabian Gulf, - Group-wide multidisciplinary teams accelerated Red Sea, and the Mediterranean, with contingency plans with proven asset restoration continued utili
Slide 7: Ziad Al-Murshed, Executive Vice President & CFO
Ziad Al-Murshed Executive Vice President & CFO 2026 Saudi Aramco | Company General Use
Slide 8: Strong financial performance despite market volatility
Strong financial performance despite market volatility Industry-leading and resilient Optimized Upstream supply Continued strong Downstream profitability capturing price upside performance Strong H1 and Q2 2026 adjusted net Strong Upstream adjusted EBIT from Strong Downstream adjusted EBIT from high
Slide 9: Q2 operational and financial performance
Q2 operational and financial performance Q2 2026 Q2 2025 Q1 2026 Key quarterly highlights Operational highlights > Adjusted net income up 33% y/y, and stable q/q Average realized crude oil prices ($/bbl) 108.1 66.7 76.9 despite a full-quarter impact from SoH closure Total hydrocarbon production (mmb
Slide 10: H1 operational and financial performance
H1 operational and financial performance H1 2026 H1 2025 Key half-year highlights Operational highlights > Strong adjusted net income of $67.2bn, up 29% y/y Average realized crude oil prices ($/bbl) 90.1 71.5 Total hydrocarbon production (mmboed) 11.0 12.5 Liquids production (mmbpd) 9.1 10.4 > Adjus
Slide 11: Financial strength and fiscal discipline to maximize shareholder value
Financial strength and fiscal discipline to maximize shareholder value Strong balance sheet Capital discipline Maximizing shareholder value > Unmatched cash position1 of >$60bn > 2026 guidance of $50-55bn maintained > Sustainable & progressive base dividend 3.5% y/y growth; up 17% since 2022 > High
Slide 12: A leading global energy partner: delivering for customers and investors
A leading global energy partner: delivering for customers and investors > Energy security becoming a higher priority, confirming the need for resilient and reliable supply Aramco well-positioned with > Continued disruption adds further requirement to rebuild and increase inventory robust demand outl
Slide 13: Questions & Answers
Questions & Answers 2026 Saudi Aramco | Company General Use A leading global energy partner Saudi Aramco H1 2026 Results | 13
Slide 14: Appendix
Appendix 2026 Saudi Aramco | Company General Use
Slide 15: Aramco's attractive and visible dividend distributions
Aramco’s attractive and visible dividend distributions Sustainable and Progressive Base Dividend $bn 2022 2023 2024 2025 2026 Base dividend1 75.0 78.0 81.2 84.6 87.62 Y/Y change % 4.0% 4.0% 4.2% 3.5% Performance-Linked Dividend to share upside $bn FY 2022 FY 2023 Combined $bn FY 2024 Operating cash
Slide 16: Glossary and upcoming reporting dates
Glossary and upcoming reporting dates Glossary Reporting dates1 ROACE is adjusted net income before finance costs, net of Adjusted EBIT Aramco defines adjusted EBIT as net income plus finance costs and income taxes and zakat, less ROACE income taxes and zakat, as a percentage of average capital fina
Slide 17: 2026 Saudi Aramco | Company General Use Saudi Aramco H1 2026 Results | 17
2026 Saudi Aramco | Company General Use Saudi Aramco H1 2026 Results | 17