Barclays says Saudi Aramco’s operating cash flow could increase roughly 30% by 2030. Barclays estimates gas development will add about $12–15bn of incremental cash flow, downstream improvements could contribute up to $10bn, and higher oil and gas output will add further cash. At 2025 oil prices, each 1m bpd increase in crude production is estimated to generate roughly $11–12bn of cash flow; Aramco has the potential to raise output by 2m bpd (≈$22–24bn).

2026-09-10

Barclays says Saudi Aramco’s operating cash flow could increase roughly 30% by 2030. Barclays estimates gas development will add about $12–15bn of incremental cash flow, downstream improvements could contribute up to $10bn, and higher oil and gas output will add further cash. At 2025 oil prices, each 1m bpd increase in crude production is estimated to generate roughly $11–12bn of cash flow; Aramco has the potential to raise output by 2m bpd (≈$22–24bn).