Saudi Aramco, Saudi Arabia's state-owned energy giant, on Tuesday reported a jump in second-quarter profit, following a period of unprecedented disruption through the Strait of Hormuz amid the conflict in the Middle East.
The company, widely recognized as the world's largest corporate crude oil producer, said in its earnings report that it saw a profit of 33.4 billion U.S. dollars in adjusted net income in April through June, representing a 33-percent increase year over year.
Second-quarter income brought total earnings in the first half of 2026 to 67.2 billion dollars, according to the report. Cash flow from operating activities reached 25.4 billion dollars in the quarter and 56.2 billion dollars in the first half of the year. Aramco President and CEO Amin Nasser attributed the company's performance in Jan through June to workforce resilience and the agility of its business and operations in responding to rapidly changing market conditions.
Despite what he called an unprecedented supply disruption through the Strait of Hormuz, Nasser said Aramco maintained business continuity by using its diverse asset base and strategic infrastructure, including the East-West Pipeline, storage capacity, and export terminals.
He added that the company entered the second half of the year with solid financial and operating momentum, one of the strongest balance sheets in the sector, sustainable and progressive base dividends, and a clear focus on strategic growth objectives.
Saudi Aramco posts 33 pct profit surge in April-June
