Saudi Aramco Reports Net Income of $32.7 Bln in Second Quarter

Saudi Aramco announced a significant surge in its second-quarter net profit, with earnings rising 44 percent year-on-year to $32.7 billion. The state-controlled oil giant attributed this substantial increase primarily to elevated oil and gas prices, which have been impacted by the ongoing conflict in the Middle East.

From April to June, Aramco's net income reached 122.6 billion Saudi riyals ($32.7 billion), a notable jump from the 85 billion riyals ($22.67 billion) recorded in the same period of 2025. Crude prices experienced considerable volatility, but remained significantly higher in the second quarter of 2026 compared to the previous year.

“

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 emphasized the company's ability to maintain business continuity despite unprecedented supply disruptions, such as those experienced through the Strait of Hormuz. He credited this resilience to Aramco's "diverse asset base and multi-decade planning, including strategic infrastructure such as the East-West Pipeline, storage capacity, and export terminals."

Excluding exceptional items, adjusted net income stood at 125.1 billion Saudi riyals ($33.4 billion). This figure surpassed the median analyst consensus, which had predicted an adjusted net income of $31.16 billion based on 12 forecasts. The strong financial performance underscores Aramco's robust position in the global energy market amidst geopolitical tensions.

“

diverse asset base and multi-decade planning, including strategic infrastructure such as the East-West Pipeline, storage capacity, and export terminals