Aramco's Swelling Profits Could Bolster Saudi Budget
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5 Articles
Aramco's swelling profits could bolster Saudi budget
Aramco provides half of Saudi budget High prices offset lower export volume Spending may keep deficit elevated The Saudi budget stands to benefit from an increase in oil revenues, economists say, following bullish statements by state-owned oil giant Aramco. The company reported its highest quarterly profit in three years for the first quarter and expects second-quarter earnings to be even higher. While shipping disruption in the Strait of Hormuz…
The Saudi oil company exceeds the expectations of the market by reporting profits of 33.600 million dollars. These results highlight the resilience of the oil giant in the face of the current Gulf energy crisis. Saudi Aramco published on Sunday its financial results corresponding to the first quarter of 2026. The largest oil company in the world has reported an adjusted net profit of 33.600 million dollars. This figure represents an increase of …
Saudi Aramco, the Saudi oil giant, has just revealed exceptional results for the first quarter of 2026, showing dramatic gains of 26% compared to the previous fiscal year. This remarkable performance spreads in a tense geopolitical context that has profoundly transformed the global energy balances. The events that have ignited the Middle East since the end of February 2026 have caused an unprecedented wave of shock on the global energy architect…
Saudi Aramco earns record profits thanks to the surge in oil prices The geopolitics of the Middle East are currently reshaping the architecture of global energy markets. Saudi Aramco, the Saudi national oil company, has just revealed dazzling financial results for the first quarter of 2026, with a remarkable increase of 26% of its net profits. This exceptional performance flourishes in an environment of unprecedented regional tensions that have …
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