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Aramco reports 244.6 billion Riyals profit
Saudi Aramco has reported a 34% increase in its net profit for the first half of 2026, reaching 244.6 billion SAR. This growth was supported by rising oil prices and improved refining margins, despite ongoing geopolitical challenges and fluctuations in energy markets. The average oil price during the first half was $90.1 per barrel, and revenues increased to approximately 989 billion SAR. The net income for just the second quarter alone amounted to 122.6 billion SAR. Despite higher capital expenditures, the company maintained operational flexibility and sustainable cash flows, continuing to distribute stable dividends of 164.2 billion SAR for the first half, with a high return on investment of 22.1%. The company also reaffirmed its ability to maintain supply chain stability and business continuity despite geopolitical challenges and events that occurred after the end of the financial period.
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