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Energy profits reach 127B riyals in Q2
Saudi Arabia's energy sectors achieved record profits in the second quarter of 2026, with total earnings exceeding 127 billion riyals—a 49.7% year-over-year increase compared to the same period last year. Saudi Aramco led the sector with a contribution of approximately 121.5 billion riyals, driven by higher revenues from refined and chemical products, despite increased costs. Additionally, the Bahri company recorded a record profit with a growth rate of 574.15%, and PetroRabigh succeeded in turning its losses into a net profit of 2.66 billion riyals. Meanwhile, the profits of Addis, Arab Drilling, and the Refining companies declined, despite improved refinery performance compared to the previous quarter. Overall, the sector experienced significant growth in profits and revenues, with quarterly revenue rising by 24% to 480 billion riyals.
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