Saudi Aramco Half-Year Adjusted Profit Rises 29% to USD 67.2 Billion on USD 90.1 Realised Crude Price

Saudi Aramco's adjusted net profit for the first half rose 29% to USD 67.2 billion from USD 52 billion a year earlier, an increase of roughly USD 15.2 billion driven by higher oil prices.

The realised number behind that jump is the one that matters for benchmarking. Aramco's average crude selling price for the first half climbed to USD 90.1 from USD 71.5 in the first six months of the prior year. Monthly average Brent spot prices ranged between USD 66.6 and USD 117.3 per barrel over the same half, according to data from the US Energy Information Administration (EIA).

Second-quarter adjusted net profit reached USD 33.4 billion, up 32.4% from USD 25.2 billion in the same quarter a year earlier. That leaves the quarterly run rate broadly flat against the opening quarter, when adjusted net profit came in at USD 33.8 billion.

The percentage gain on the quarter therefore outpaced the half-year figure, indicating the price effect landed harder in the second three months than across the period as a whole.

Chief executive Amin Nasser tied the earnings increase to operational resilience and flexibility despite geopolitical tensions in the Middle East.

Nasser also pointed to what he described as an unprecedented supply interruption in the Strait of Hormuz, naming the East-West Pipeline, storage capacity and export terminals as the strategic infrastructure that kept operations running. He credited a diversified asset portfolio and long-running planning alongside those assets.

For a global investor base comparing integrated oil earnings, the gap between the USD 90.1 realised price and the wide Brent monthly range is the operative variable. A realised price above the low end of that spot band, combined with a half-year profit base of USD 67.2 billion, resets the reference point against which upstream-weighted earnings are read.

The first-half comparison is a clean one on the company's own reporting basis: USD 67.2 billion this half against the USD 52 billion adjusted net profit reported for the year-earlier period. The USD 15.2 billion swing is attributed in the company's disclosure to rising oil prices rather than to volume or portfolio changes.

The results were reported on August 4, 2026 by Turkish outlets including Petroturk, Analiz Gazetesi and Turcomoney, sourced to the Anadolu Agency.