Oil giant Saudi Aramco posted a 44% jump in net profits in the second quarter, the company said on Tuesday, helped by higher oil prices in the period due to the U.S-Iran war.
Aramco, the world's biggest oil exporter and engine of the Saudi economy, is the latest in a string of energy giants to report bumper profits as the war roils markets.
Its net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June was up from 85 billion riyals a year prior, a quarterly statement said.
Aramco's profits came despite Iran's blockade of the Strait of Hormuz, the key conduit for Gulf oil, and attacks on Saudi ships in the Red Sea by Yemen's Houthi rebels.
Crude prices have been volatile throughout the war and were far higher in the second quarter of 2026 compared with a year earlier.
