Saudi Aramco's profits soar 44 percent as war boosts oil prices
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Source: Middle East Eye
Published: 2026-08-04 19:43 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
Oil company Saudi Aramco reported a 44 percent surge in net profits on Tuesday, as the war on Iran sent oil prices soaring. Its net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June was up from 85 billion riyals ($22.7 billion) a year prior, a quarterly statement said.
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