Saudi energy profits rise 50 percent
The results for the second quarter of 2026 showed a 50% increase in profits within the Saudi energy sector compared to the same period last year, reaching $33.9 billion. This growth was primarily driven by a 41.9% rise in Aramco's profits, which amounted to $32.4 billion. During the first half of the year, the energy sector recorded profits of $66.99 billion, representing a 38.9% increase over the previous year. Revenues also rose by 23.8% to $130 billion in the second quarter, fueled by higher prices of oil and chemical products. Aramco remains the leading company, with profits of $64.44 billion in the first six months, amid significant growth in the maritime and PetroRabigh sectors, reflecting a strong performance in the Saudi energy industry.
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