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4 Aug 2026, 14:53

Saudi Aramco announced on Tuesday that the company's net profit in the second quarter of this year has increased by 44% amid rising energy prices due to the Middle East conflict.

According to Aramco's financial report, the company's net profit from April to June reached 122.6 billion Saudi riyals, equivalent to 32.7 billion dollars, while this figure was 85 billion riyals in the same period last year.

Amin Nasser, CEO of Aramco, stated that despite unprecedented disruptions in oil supply from the Strait of Hormuz, the company has managed to continue its operations by utilizing the East-to-West pipeline, storage capacities, and export terminals.

The announcement of Aramco's profit increase coincided with criticism from Donald Trump, the President of the United States, regarding the high profits of oil companies. He said these companies are "making too much money" due to the oil shortage caused by the war.
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The British energy giant BP (one of the largest oil and gas companies in the world) announced that its net profit in the second quarter of 2026 has more than doubled, reaching 3.91 billion dollars, amid rising energy prices following the war between the U.S. and the Islamic Republic.

CBS, citing AFP, reported that five major Western energy companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, collectively recorded nearly 47 billion dollars in net profit in the second quarter.
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