Riyadh, Saudi Arabia, Aug 4, 2026 (AFP) - Oil giant Saudi Aramco profits soar 44 pct despite Mideast war

NAMPA / AFP

2026-08-04

Saudi Aramco on Tuesday 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. ds/th/axn ...

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