Aramco Q2 profits rise 42%
Saudi Aramco announced its financial results for the second quarter of 2026, recording a 41.9% year-over-year increase in profits, with a net income of 121.5 billion riyals (32.4 billion dollars). Revenues rose by 19%, exceeding 450 billion riyals (120.2 billion dollars). This growth was supported by higher oil prices, refined products, and chemicals, despite increased operating costs and taxes. The company also experienced strong cash flows, with operating cash flows totaling 95.4 billion riyals (25.4 billion dollars), and free cash flows reaching 46 billion riyals (12.3 billion dollars).
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