Saudi Aramco — Upstream Portfolio

Aramco's consolidated upstream business across the Kingdom of Saudi Arabia, operated under the Concession granted by the Government. Reserves conform to SPE-PRMS definitions. The Company is one of the world's largest producers of crude oil and condensate with a vast reserves base and the ability to produce five Arabian crude grades. It maintains a Maximum Sustainable Capacity (MSC) of 12.0 mmbpd of crude oil, providing operational flexibility to rapidly increase production and serve as spare capacity for unplanned outages. 2025 average total daily hydrocarbon production was 12.9 mmboed (2024: 12.4), of which approximately 83% was liquids. Upstream carbon intensity of 10.0 kgCO2e/boe is among the lowest of major producers.