Saudi Aramco's Profits Soar Amid Iran War, But at What Cost? The latest financials from Saudi Aramco have confirmed that the ongoing conflict in the Middle East has brought a surge in profits for oil majors.
The company's second quarter adjusted net income of 125. 2 billion Saudi riyal ($33.
4 billion) marks a significant jump of 33% year on year, beating analyst expectations and solidifying Aramco's position as one of the world's most profitable corporations.