Saudi Aramco's Q2 profits reach $33.4 billion - Sarmad
Saudi Aramco announced an adjusted net income of 125.2 billion riyals ($33.4 billion) during the second quarter of 2026, while adjusted net income for the first half of the year rose to 251.9 billion riyals ($67.2 billion), supported by the company’s continued assurance of energy supplies to global markets despite regional tensions and navigation disruptions in the Strait of Hormuz.
Financial results showed operating cash flows of 95.4 billion riyals ($25.4 billion) in the second quarter, rising to 210.6 billion riyals ($56.2 billion) during the first half of the year.
Free cash flow amounted to 46 billion riyals ($12.3 billion) in the second quarter, reaching 115.9 billion riyals ($30.9 billion) over the first six months of the year, impacted by an increase in working capital of approximately 51.1 billion riyals ($13.6 billion) during the period.
Regarding its financial position, the debt ratio rose to 6.2% by the end of June 2026, compared to 4.8% at the end of March of the same year.
The company’s board of directors approved a basic dividend for the second quarter worth 82.1 billion riyals ($21.9 billion), to be distributed to shareholders during the third quarter of the year.
Amin Nasser, the company’s chairman and chief executive officer, affirmed that Aramco demonstrated high operational resilience during the first half of 2026, noting its success in continuing production, transportation, and export operations despite unprecedented disruptions in the Strait of Hormuz.
Nasser explained that the company benefited from the diversification of its assets and strategic infrastructure, including the East-West Pipeline, as well as its storage capacities and export facilities, which enabled it to maintain supply continuity and meet global market demands under exceptional circumstances.
On the strategic projects front, Nasser confirmed that work is proceeding according to schedule on several major projects, including the Ghawar field production capacity expansion project and the Fadhli gas plant expansion, scheduled for completion in 2026 and 2027, respectively.
He also noted that Phase One of the Jafurah gas project maintained stable production of sales gas and condensates, while procurement and construction activities continue for Phase Two, expected to be completed in 2027, as part of the company’s strategy to enhance gas production and meet domestic and global demand for energy sources.
