Saudi Aramco’s Q2 2026 profits forecasted

Aljazira Capital expects Aramco's net profit in the second quarter of 2026 to reach approximately 119.6 billion Riyals, representing a 39.7% increase compared to the same period last year, despite a 0.5% quarterly decline. This stability is attributed to rising oil prices and improved refining margins, even though production volume has decreased due to regional tensions. The company forecasts an average oil price of $85 per barrel in 2026, with annual net profit reaching 483 billion Riyals, and an improvement in operating profit margins to 48.3%.

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