Aramco reports a 44 per cent rise in profits in Q2 2026 despite Houthi attacks
The Saudi oil giant has seen its profits rise thanks to high crude oil prices, whilst maintaining stable production levels despite tensions in the Middle East.
The Saudi oil giant Aramco has announced a 44 per cent increase in its net profit for the second quarter compared with the same period last year, driven by the surge in crude oil prices against the backdrop of the war in the Middle East.
Aramco, the flagship of the Saudi economy and one of the world’s most valuable companies, stated in a press release that its net profit reached 122.6 billion Saudi riyals (32.7 billion dollars) in the second quarter of 2026, compared with 85 billion riyals (22.67 billion dollars) in the same period of 2025. The oil company’s chief executive stated that the attacks by Yemen’s Houthi rebels had not had any real impact on the oil giant’s production.
“They have not had a significant impact on our capabilities,” said Aramco’s chairman and CEO, Amin H. Nasser, during a conference call with journalists, adding that these included the Houthi attacks in July, which targeted the company’s operations on the Red Sea coast and in other areas.
