Saudi energy sector profits rise 49.67% in Q2
The profits of the energy sector in the Saudi market increased by 49.67% during the second quarter of 2026, totaling approximately $33.9 billion (127.13 billion riyals), compared to $22.65 billion in the same period of the previous year. Saudi Aramco was the largest contributor in terms of profits, achieving a 41.9% rise to reach $32.4 billion, accounting for about 95.58% of the sector's profits. Additionally, Bahri experienced a remarkable jump in net profits of 574.15%, reaching $732.49 million, and Petrokemya (PetroRabigh) began returning to profitability, recording about $709.6 million, which significantly supported the sector’s performance. This growth reflects an improvement in the results of Saudi energy companies during the quarter, with Aramco continuing to lead the sector.
Notice: This Is an AI-Generated Summary
Comments (0)