Aramco earnings due tomorrow
Saudi Aramco is expected to announce its second-quarter results for 2026, with profits anticipated to reach around 115 billion Saudi riyals, representing an annual growth of approximately 34%, supported by rising oil prices and improved operational conditions. Oil prices have experienced a significant increase, with the average Brent crude price in the second quarter around $97 per barrel, boosting the company's profits, especially in the exploration and production segments that benefited from higher prices and sales volumes. Additionally, the company's earnings for the first time since 2022 saw a year-over-year increase of 30%, driven by improved performance of subsidiaries, some of which shifted from losses to profits, reflecting strong financial performance during the second quarter.
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