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Saudi Aramco profit rises 33% in Q2 on higher oil prices

Aramco reported adjusted net income of $33.385 billion for the quarter, helped by a higher realized crude price of $108.1 per barrel and export rerouting.

Reported · Written up by our desk · Energy

Saudi Aramco reported that adjusted net income rose 33% in the second quarter as higher oil prices and the ability to reroute crude exports outweighed constrained flows tied to the Strait of Hormuz, OilPrice reported.

The company said adjusted net income totaled $33.385 billion for the quarter, up from $25.19 billion a year earlier, and it beat analyst consensus of about $31 billion. Aramco also cited a sharp jump in its average realized crude oil price to $108.1 per barrel for April to June.

For context, Aramco’s realized crude price in the first quarter was $76.9 per barrel, and $66.7 per barrel in the second quarter of 2025. OilPrice also noted that Brent averaged about $97 a barrel during the same April to June period.

Aramco kept its Q2 2026 base dividend at $21.9 billion, to be paid in the third quarter to shareholders. The company said its diverse asset base, including infrastructure like the East-West Pipeline, storage capacity, and export terminals, helped sustain production and exports even in a challenging regional environment.

Latest closeWTI crude $80.00 ▼5.5%|Brent $83.63 ▼7.2%

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