Oil giant Aramco’s profits soar 44% as war boosts prices
Aramco reported net income of 122.6 billion Saudi riyals (US$32.7 billion) from April to June, up from 85 billion riyals (US$22.67 billion) in 2025.
Saudi Aramco reported a 44% increase in net profit to 122.6 billion Saudi riyals (US$32.7 billion) in the second quarter of 2026, driven by higher oil and gas prices amid the ongoing Middle East war. Despite supply disruptions in the Strait of Hormuz and a maritime blockade in the Red Sea, the oil giant maintained business continuity through its diverse asset base and strategic infrastructure.
Aramco's president and CEO, Amin H. Nasser, highlighted the company's ability to navigate the challenging circumstances, with adjusted net income reaching 125.1 billion Saudi riyals (US$33.4 billion) when stripping out exceptional items.
Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Saudi Aramco's profits soar 44 percent as war boosts oil prices middleeasteye.net
- Oil giant Aramco’s profits soar 44% as war boosts prices straitstimes.com
