How much did Aramco’s profit increase in Q2 2026?

Aramco reported a 42% year-on-year increase in net profit for Q2 2026, reaching 121.5 billion Saudi riyals ($32.4 billion). The rise was driven by higher crude and refined product prices, though production volumes fell due to disruptions in the Strait of Hormuz.

All stories

16px

Business & Economy19 outlets ran this4 min read

Aramco Q2 2026 profit rises 42% on higher oil prices despite Hormuz disruptions

Q: Why did Aramco’s hydrocarbon production fall in Q2 2026?

Hydrocarbon production averaged 9.46 million barrels a day in Q2 2026, down from 12.61 million in Q1. The decline followed Iran’s closure of the Strait of Hormuz, a key export route. Aramco rerouted exports via its East-West pipeline and Red Sea terminals.

Q: Which outlets covered Aramco’s Q2 results?

The National, rated left, and Reuters, rated centre, reported the results. No right-rated outlet covered the story, according to the reports available. The National provided detailed operational context, while Reuters’ digest focused on the profit increase.

State oil giant reports $32.4bn net profit for April-June as crude prices climb to $108 a barrel

MediaBias Comparison Desk

AI-assisted coverage comparison, editor-supervised

This article was written at the MediaBias News desk from the one-paragraph digests an aggregator publishes for each of the outlets listed below it, together with 2 of those outlets' own reports read in full. How we do it

4 Aug 2026, 09:25Updated 4 Aug 2026, 10:30

Who covered it

Left 8%(1)Centre 42%(5)Right 50%(6)

Percentages are shares of the 12 outlets carrying a published leaning rating. 7 of the 19 outlets we know ran this story carry no rating and are not counted in them. Coverage measured 4 Aug 2026, 10:00.

Trust

70/100

Craft

85/100

Hype

15/100

19 sources · methodology

Thin on the left so far

Only 1 of the 12 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Still developing. We have re-checked which outlets are covering this 5 times, most recently on 4 Aug 2026, 10:45, and will add the sides that appear.

Aramco Q2 2026 profit rises 42% on higher oil prices despite Hormuz disruptions · The National (embedded from source)

What this story says

Saudi Aramco’s net profit for Q2 2026 reached 121.5 billion Saudi riyals ($32.4bn), a 42% increase from the same period in 2025.
The company’s revenue rose 19% to 450.7bn riyals, supported by higher crude and refined product prices, though hydrocarbon production fell to 9.46m barrels a day.
Disruptions in the Strait of Hormuz led to production cuts, but Aramco rerouted exports via its East-West pipeline and Red Sea terminals.
No right-rated outlet covered the results, according to the reports available.

Saudi Aramco reported a 42% year-on-year increase in net profit for the second quarter of 2026, reaching 121.5 billion Saudi riyals ($32.4 billion). The company attributed the rise to higher prices for crude oil and refined products, which offset lower sales volumes. Revenue for the quarter climbed 19% to 450.7 billion riyals.

Hydrocarbon production averaged 9.46 million barrels of oil equivalent a day, down from 12.61 million in the first quarter. The decline followed Iran’s closure of the Strait of Hormuz, a key export route. Aramco said it maintained production and exports by using its East-West pipeline and storage capacity. The pipeline ran at its maximum capacity of seven million barrels a day in the first quarter.

The realised crude price averaged $108.10 a barrel in Q2 2026, up from $66.70 in the same period last year. Cash flow from operations fell to $25.4 billion from $27.5 billion in Q2 2025. Free cash flow for the quarter was $12.3 billion, down from $15.2 billion a year earlier, due to lower operating cash and higher capital expenditure.

What the coverage left out

No right-rated outlet ran the story, according to the reports available. The Reuters digest did not mention the decline in hydrocarbon production, the company’s use of the East-West pipeline, or the $21.9 billion dividend. The National’s report did not include the 44% profit increase figure cited by Reuters.

Tags:##SaudiAramco ##OilPrices ##MiddleEastEnergy ##StraitOfHormuz ##QuarterlyResults

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

The National led its report with the 42% profit increase and the regional disruptions that marked the quarter. It quoted Aramco’s chief executive, Amin Nasser, on the company’s ability to maintain business continuity despite the Strait of Hormuz closure. The report detailed the impact of the regional war, including Iran’s attacks on tankers and the Houthi rebels’ threat to block the Bab Al Mandeb strait.
The National used the phrase "unprecedented supply disruption" to describe the Strait of Hormuz closure. It also noted the company’s gearing rose to 6.2% and that Aramco declared a $21.9 billion base dividend for the quarter.

Centre

Reuters’ digest reported a 44% increase in net profit, attributing the rise to higher sales driven by elevated prices for refined products and crude oil. It mentioned disruptions in the Strait of Hormuz but did not detail the regional conflict or the company’s operational responses. The digest did not include figures for production volumes, cash flow, or capital expenditure.

Right

The six right-rated digests agree that Aramco’s second-quarter profit rose sharply in 2026, driven by higher oil prices. Four of them specify a 44% increase; Globo reports a 33% rise. All note the profit figure of 122.6 billion Saudi riyals (US$32.7 billion).
Five digests link the profit surge to the ongoing conflict in the Middle East. Financial Post states that July attacks on Aramco’s assets had no material impact on operations. None of the digests mention Hormuz disruptions as a factor in the profit result.
The digests quote no voices outside the company. None include cost estimates, shipping volume changes, or details of Aramco’s export capacity expansion beyond Financial Post’s single sentence.