Aramco profits rise 44% in Q2
Saudi Aramco achieved a net profit of $32.69 billion in the second quarter of 2026, marking a 44% increase compared to the same period last year, driven by higher prices for crude oil, refined products, and chemicals. Despite disruptions in oil supplies resulting from tensions in the Strait of Hormuz and attacks by the Houthis, Aramco maintained supply reliability at 98.4%, dedicating efforts to diversify export routes, including the East/West pipeline, with plans to expand it to boost capacity. The results demonstrate the company's ability to sustain business continuity amid geopolitical challenges, with significant rises in oil prices during the second quarter.
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