Oil giant Aramco's profits soar 44 pct as war boosts prices
Saudi Aramco on Aug. 4 said its net profit rose 44 percent in the second quarter year-on-year as the Middle East war pushed oil and gas prices higher.
Aramco, majority-owned by the state, reported net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June, up from 85 billion riyals ($22.67 billion) in 2025.
Crude prices have been volatile throughout the war and were far higher in the second quarter of 2026 compared with a year earlier.
"Despite the unprecedented supply disruption through the Strait of Hormuz, we continued to demonstrate our ability to maintain business continuity," Aramco president and CEO Amin H. Nasser said in a statement.
