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Saudi Aramco profits soar in second quarter as Iran war squeezes oil

CNBC Tuesday 04 August 2026, 05:18 UTC 1 min read
Key Points

Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict. The world's largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion) over the April to June period, beating analyst expectations of $31.59 billion. This is breaking news.

Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict. The world's largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion) over the April to June period, beating analyst expectations of $31.59 billion. This is breaking news. Please refresh for updates.
Saudi Aramco (ORG) Iran (LOCATION) the Strait of Hormuz (LOCATION) Middle East (LOCATION)
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