Aramco reports 121.5B riyal profit
Saudi Aramco's profits in the second quarter of 2026 reached 121.5 billion riyals, surpassing analysts’ expectations of 114.8 billion riyals. This represents a 41.09% increase compared to the same quarter last year. The rise in oil prices, which averaged $108.1 per barrel during the quarter, led to a 19% increase in revenue, totaling 450.8 billion riyals. The company confirmed that it continued to ensure reliable supplies at a rate of 98.4%, despite geopolitical challenges, while maintaining an ambitious plan to keep production capacity at 12 million barrels per day. It was also decided to distribute a cash dividend of 0.34 riyals per share.
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