Aramco Q2 profits rise 42percent
The financial results of Saudi Aramco, the world's largest national oil company, showed a 41.9% increase in net income attributable to shareholders in the second quarter of 2026, reaching approximately 121.51 billion riyals. This growth was driven by a 19% rise in revenues, resulting from higher prices for refined products, chemicals, and crude oil, despite a decrease in sales volume. The board also announced dividends of 82.06 billion riyals for the same period, along with plans to increase production and expand the Fadhili gas plant. The company reaffirmed its commitment to enhancing energy security and investing in strategic projects despite challenging geopolitical conditions, while maintaining a strong financial position and sustainable profits.
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