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المدينة
Markets Anticipate Aramco Results
The global energy market is awaiting Saudi Aramco's announcement of its financial results for the first half of 2026 on August 4th, with expectations that the company will continue its strong performance, supported by rising oil prices. During the first quarter of 2026, Aramco achieved a net income of 122 billion riyals, a 25.1% increase compared to the previous year. It is also expected that net profit in the second quarter will reach 120 billion riyals, approximately a 39.7% rise year-over-year. This performance is attributed to higher oil prices, estimated at around $99.60 per barrel, along with increased exports supported by the East-West pipeline, which connects oil-rich regions to the export port in Yanbu.
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