Aramco Profits Soar 44% Amid Ongoing War in Middle East
Saudi oil giant Aramco has reported a significant increase in its profits, rising by 44% to $32.7 billion in the second quarter of 2026 compared to the same period last year.
The company's net income for the second quarter was 122.6 billion Saudi riyals, up from 85 billion riyals during the same period in 2025.
Aramco's profits have surged due to higher crude oil prices amid the ongoing war in the Middle East.