Research forecasts Aramco Q2 2026 profits
A report by "Aljazira Capital" forecasts that Saudi Aramco will achieve a net profit of 119.6 billion riyals in the second quarter of 2026, representing a slight decrease of 0.5% compared to the previous quarter. This is linked to rising oil prices and improved refining margins. Despite a drop in oil production to 7 million barrels per day due to geopolitical tensions and the closure of the Strait of Hormuz, the company managed to maintain stable refining revenues, which increased modestly by 0.7% to 263.2 billion riyals, with expectations of an improved profit margin reaching 48.3%. The expected average oil price in 2026 is $85 per barrel, with the annual net profit projected to rise to 483 billion riyals, a 38.7% increase.
Notice: This Is an AI-Generated Summary
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