Saudi Aramco Q2 profits rise 44 percent

Saudi Aramco announced an approximate 44% increase in its profits in the second quarter of 2026 compared to the same period last year, driven by rising crude oil prices due to the war in the Middle East. The net income for the second quarter of 2026 reached around 122.6 billion Saudi Riyals (equivalent to $32.7 billion), compared to 85 billion Riyals ($22.67 billion) in the same period of 2025. This reflects the impact of regional tensions on the oil market.

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