67 Days
Source:
الاقتصادية
Aramco Q2 profits rise 41.9%
Saudi Aramco achieved strong financial results in the first half of 2026, thanks to rising crude oil prices as well as higher prices for refining products and petrochemicals. The company's net profit attributable to shareholders increased by 33.3% compared to the previous year, reaching 241.64 billion riyals. Revenue also grew by 12.7%, reaching 883.87 billion riyals. Despite a decrease in sales volumes, the rise in product prices helped offset this and contributed to increased profits. Specifically, net income for the second quarter alone amounted to 121.51 billion riyals, a rise of approximately 42%. The company announced a quarterly dividend of 82.06 billion riyals, emphasizing its focus on maintaining strong cash flows and investing in exploration, production, refining, and petrochemicals to ensure sustainable growth.
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