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See the full story · 3 sourcesAIPROPX ReportOilPrice · 4h ago
Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge
Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ability to re-route most crude exports more than offset the constrained flows at the Strait of Hormuz. The state giant Aramco on Tuesday reported an adjusted net income of $33.385 billion for the second quarter, up by 33% from the $25.19 billion for the same period of 2025 and beating an analyst consensus of about $31 billion. Saudi Aramco’s average realized crude oil price jumped to $108.1…