Energy profits reach 127 billion riyals in Q2

The Saudi energy sector achieved strong financial performance in the second quarter of 2026, with listed companies earning over 127 billion Riyals, reflecting an annual increase of 49.7% compared to the same period last year. Saudi Aramco led the sector, recording a net profit of 121.51 billion Riyals, up 42% from the previous year, supported by rising revenues from refined products, chemicals, and oil prices. Other companies such as Bahri and PetroRabigh also experienced significant growth; for instance, PetroRabig transformed its losses into profits of 2.66 billion Riyals. The total profits for the first half of 2026 exceeded 251 billion Riyals, marking a 39% increase compared to the same period in 2025. The overall sector revenue for the quarter was approximately 480 billion Riyals, with Aramco’s revenues increasing by 24%, accounting for 93.8% of the sector’s total income.