Saudi oil giant Aramco said its net profit rose by more than 25 per cent in the first quarter of the year compared to the same period in 2025, driven by greater crude oil sales and higher prices, reports AFP.
The result comes after the Middle East war sent oil and gas prices soaring and uncertainty plagues global markets over the conflict’s trajectory.
The group, majority-owned by the state, said in a statement published on the Saudi stock exchange website that its “increase in revenue was mainly due to higher prices and volumes sold of refined and chemical products as well as higher crude oil volumes sold and higher crude oil prices”.
