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Aramco Q2 profits reach 121.51 billion riyals
Saudi Aramco announced that its net profit for the second quarter of 2026 reached 121.51 billion riyals, an increase of 41.9% year-on-year, driven by rising revenues and prices despite higher costs. The company also recorded an 18.99% increase in revenues to reach 450.77 billion riyals, along with a 22.39% rise in operating profit. Equity rose by 5.79% to 1.57 trillion riyals. The results indicate the impact of higher prices for refined products, chemicals, and oil, despite a decrease in sales volumes.
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