Aramco Readies Ras Tanura Restart, Sanctions $3 Billion Buyback Amidst West Asia Conflict
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Aramco restarts Ras Tanura, approves $3B buyback amid West Asia conflict
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CNBC TV18•10-03-2026, 13:49
Aramco restarts Ras Tanura, approves $3B buyback amid West Asia conflict
•Aramco CEO Amin H Nasser announced the restart of Ras Tanura refinery operations after a temporary shutdown due to a drone attack.
•The company approved a $3 billion share buyback program, its first since the 2019 IPO, to boost investor confidence.
•Aramco increased its base dividend to $21.9 billion for Q4, primarily benefiting the Saudi government and its sovereign wealth fund.
•Operations were disrupted by the West Asia conflict, leading to temporary output cuts, refinery shutdown, and rerouting of shipments due to Strait of Hormuz slowdown.
•Q4 net income fell 20% to $17.8 billion; full-year 2025 net profit dropped 12% to $93.4 billion.
