Kuwait Petroleum Reports 2 Billion Dinars in Profits

His Highness Sheikh Ahmad Abdullah Al-Sabah, Prime Minister, chaired the 133rd (2026/5) meeting of the Supreme Council of Petroleum. The Council discussed the items on its agenda, which included projects approved by Kuwait Petroleum Corporation (KPC) and its subsidiaries, as well as the strategies associated with these projects. The Council also approved the final accounts of KPC and its subsidiaries for the fiscal year 2025-2026.

Sheikh Nawaf Al-Saud, Deputy Chairman and Chief Executive Officer of KPC, announced that the consolidated net profits of the corporation for the fiscal year 2025/2026, as approved by the Supreme Council of Petroleum, amounted to KD 2.155 billion, surpassing the results of the previous three fiscal years.

In a message addressed to workers in the oil sector, Sheikh Nawaf Al-Saud stated that the past fiscal year was “exceptional by all measures,” concluding amid the largest shock the oil sector has faced since the Iraqi aggression in 1990. He clarified that this shock was represented by the reprehensible Iranian attacks.

For further details: Prime Minister chairs Supreme Council of Petroleum meeting, discusses agenda items, and approves final accounts of the corporation and its subsidiaries. Nawaf Al-Saud: KD 2.155 billion in consolidated net profits for Kuwait Petroleum Corporation.

Ali Ibrahim and KUNA: His Highness Sheikh Ahmad Abdullah, Prime Minister, chaired the 133rd (2026/5) meeting of the Supreme Petroleum Council.

The Council discussed agenda items, including projects approved by Kuwait Petroleum Corporation (KPC) and its subsidiaries, as well as strategies linked to these projects. It also approved the final accounts of KPC and its subsidiaries for the fiscal year 2025-2026.

Sheikh Nawaf Al-Saud, Deputy Chairman and Chief Executive Officer of KPC, revealed that the corporation achieved net consolidated profits of 2.155 billion dinars for the fiscal year 2025/2026, which ended on March 31.

In his annual message to employees of KPC and its subsidiaries, Sheikh Nawaf Al-Saud said: “Despite the successive challenges witnessed last year, starting from the decline in global oil prices to the repercussions of the malicious attacks and their resulting reduction in production and refining levels, I am pleased to inform you that our net consolidated profits for the fiscal year ending March 31, 2026, approved by the Supreme Petroleum Council, amounted to 2.155 billion dinars. These net profits exceed the results of the past three years.”

He added: “We have jointly achieved major milestones in offshore exploration, expanded our presence in the global petrochemicals sector, and outlined the key features of massive strategic projects. Alongside laying the groundwork for the Seif project, we launched the Shahin project, which represents the largest foreign investment in Kuwait’s history, reflecting global confidence in our ability to achieve strategic objectives.”

Sheikh Nawaf Al-Saud noted that to consolidate integration within the oil sector and generate added value for our operations, we completed the first step of the restructuring program, which included establishing integrated sectors and launching Q8 stations in Kuwait.

He stated: “In previous years, I have been accustomed to sharing our financial results with you and taking pride together in what we have achieved as a single team during the fiscal year. However, last year did not end as previous years did; it concluded with the biggest shock faced by the oil sector since the brutal Iraqi invasion in 1990. The malicious Iranian attacks targeted our refineries, tankers, oil production facilities, and installations at the airport, and even our offices. Yet, we remained steadfast, just as our predecessors did, maintaining operational continuity and fulfilling our duty to our homeland.”

He continued: “Amid the harsh conditions we endured, we witnessed members of the sector rallying together across all job levels. From our young recruits who knew of the invasion only through the accounts of those who came before them, to our brothers and sisters who lived through that ordeal and revived the spirit of solidarity and resilience, this moment proved across all generations one unchanging truth: Kuwaiti character is rooted in love for the homeland. Employees in the oil sector, particularly the firefighting, operations, and emergency teams, as well as tanker crews, have always been at the forefront, protecting their workplaces and national assets regardless of the level of danger and instability.”

Addressing everyone, Sheikh Nawaf Al-Saud added: “My dear brothers and sisters, this is the spirit of a single team—the team I spoke to you about from the very first day I was entrusted with this responsibility. This is the spirit that makes the oil sector a source of pride for every Kuwaiti. When conditions grow tough, the true character of the men and women bearing responsibility for this sector emerges, proving that serving Kuwait is a commitment we live by and a duty we perform. This is a message preserved generation after generation. We will continue to transform challenges into opportunities that enhance the progress of the oil sector and serve our beloved homeland under the wise leadership of His Highness Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and His Highness Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah.”

Sheikh Nawaf concluded: “Blessed be you, my homeland Kuwait, as our refuge. May you live on, forever a nation.”