Energy sector profits reach 127B riyals in Q2

Saudi energy sector companies achieved record profits in the second quarter of 2026, with total earnings exceeding 127 billion riyals, marking a 49.7% increase over the previous year. This growth was driven by the performance of Saudi Aramco and the shifts in the performances of Bahri and PetroRabigh. Aramco maintained its leading position, registering a net income of 121.51 billion riyals—a 42% annual increase. Meanwhile, Bahri posted unprecedented profits of 2.75 billion riyals, representing a 574% growth. Conversely, PetroRabigh shifted into profitability after nearing losses, while Sadara’s profits declined by 31.85% due to regional tensions. Sector profits remain strong in the first half of the year, exceeding 251 billion riyals, with revenues increasing by 24% in the second quarter. The combined revenues of major companies surpassed 480 billion riyals, with Aramco accounting for 93.8% of this total.

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