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الاقتصادية
Aramco's earnings reach four-year peak
Saudi Aramco achieved its highest quarterly revenues since Q3 2022, amounting to approximately 522 billion riyals in Q2 2026, supported by rising oil prices, refined products, and chemicals. The company's profits also increased to around 121.5 billion riyals, exceeding analysts' expectations by 9%, with the growth primarily financed by higher prices, as the average barrel price surpassed $108, despite a decline in production due to supply constraints. Additionally, sales of refined products and chemicals, which grew by more than 60 billion riyals, contributed to the profit increase, even as sales volumes decreased. The Exploration and Production sector continued to impact profitability positively, benefiting from higher prices. Aramco announced a dividend of 82.06 billion riyals for Q2, while free cash flow declined to 46 billion riyals due to capital expenditures and costs, with ongoing focus on gas projects and maintaining production capacity. The results reflect performance sustainability through volume recovery and improved cash flows in the second half of the year.
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