Saudi Aramco's profits soar 44 percent as war boosts oil prices

Saudi Aramco reported a 44 percent surge in net profits, with its net income reaching 122.6 billion Saudi riyals ($32.7 billion) from April to June. This was up from 85 billion riyals ($22.7 billion) in the same period a year prior. According to Aramco CEO Amin Nasser, the company has not been materially impacted operationally or financially by the targeting of its facilities earlier in July.

The increase in profits is attributed to the rise in oil prices due to the ongoing conflict in the Middle East. Crude prices have been volatile throughout the war and were significantly higher in the second quarter of 2026 compared to the same period in 2025. The conflict has also led to supply disruptions through the Strait of Hormuz, but Aramco has managed to maintain business continuity by utilizing its diverse asset base and strategic infrastructure, including the East-West Pipeline.

Aramco's adjusted net income for the quarter was reported at 125.1-125.2 billion Saudi riyals ($33.4 billion) by different sources, representing a 33-44 percent increase year-on-year. The company's ability to sustain production and exports despite the disruptions has been attributed to its multi-decade planning and strategic infrastructure.

Brief written by urgent.news from Middle East Eye, Free Malaysia Today, FXStreet, CNBC World, CNBC — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.