What was Aramco's adjusted net income for the second quarter, and how does it compare to both the prior year and analysts' expectations?

Aramco's adjusted net income rose to $33.4 billion in the second quarter, up from $25.2 billion a year earlier — a 33% increase — and exceeded analysts’ profit estimates of $31.1 billion compiled by Bloomberg.

How did the US-Iran war impact Aramco’s oil pricing, production volumes, and export routes during the quarter?

The US-Iran war drove benchmark Brent crude to an average of nearly $97 a barrel and enabled Aramco to sell its oil at $108.10 a barrel — up from $66.70 a year earlier — while liquids production fell 28% to 7.57 million barrels a day and natural gas output dropped 16%; to maintain exports amid the Strait of Hormuz closure, Aramco relied on the East-West Pipeline and Red Sea terminals, redirecting most shipments to the Red Sea — a route now threatened by Houthi attacks.

Aramco Profit Jumps 33% as US-Iran War Boosts Oil Prices

Aug 3, 2026

Saudi Aramco's Q2 net income rose 33% to $33.4 billion as geopolitical tensions drove oil prices higher. Despite reduced production, the company sustained exports via alternative routes while facing ongoing security threats in the Red Sea.

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