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● Press Release Aramco announces third quarter 2021 results Q3 net income rises 158 % and free cash flow up by 131 % YoY as Company capitalizes on market recovery Net income : $ 30.4 billion ● aramco Cash flow from operating activities : $ 36.3 billion Free cash flow * : $ 28.7 billion Gearing ratio * : 17.2 % on September 30 , 2021 compared to 23 % on December 31 , 2020 Q2 dividend of $ 18.8 billion paid in the third quarter ; Q3 dividend of $ 18.8 billion to be paid in the fourth quarter Dhahran , Saudi Arabia , October 31 , 2021 – The Saudi Arabian Oil Company ( “ Aramco " or " the Company " ) today announced its third quarter financial results , recording a 158 % year - on - year ( YoY ) increase in net income to $ 30.4 billion and declaring a dividend of $ 18.8 billion to be paid in the fourth quarter . The increase in net income was primarily the result of higher crude oil prices and volumes sold and stronger refining and chemicals margins in Q3 , which were underpinned by rebounding global energy demand and increased economic activity in key markets . Commenting on the results , Aramco President & CEO Amin H. Nasser , said : " Our exceptional third quarter performance was a result of increased economic activity in key markets and a rebound in energy demand , as well as our unique low - cost position , our financial discipline and our proven ability to reliably deliver essential energy and chemical products to our customers . " Some headwinds still exist for the global economy , partly due to supply chain bottlenecks , but we are optimistic that energy demand will remain healthy for the foreseeable future . " Looking ahead , we are maintaining our strategy to invest for the long term , and we will build on our track record of low - cost and low - carbon intensity performance to advance our recently announced ambition to achieve net - zero Scope 1 and Scope 2 greenhouse gas emissions across our wholly - owned operated assets by 2050. "