Saudi Arabian Oil Co

2222: XSAU (SAU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Saudi Aramco Earnings: Uncertainty Over Market Disruptions Overshadows Solid Results

Allen Good

Mar 11, 2026

Aramco reported fourth-quarter net income of $25.1 billion, which fell only slightly from the year before as higher volumes and strong operations helped offset lower oil prices. Gearing fell to 3.8% from 4.5% the year before and 6.3% in the third quarter.

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Saudi Arabian Oil Co

Saudi Aramco Earnings: Uncertainty Over Market Disruptions Overshadows Solid Results

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