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Aramco posts 44% rise in net profit as Iran war drives up oil prices

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Saudi oil major Aramco ​reported a 44% increase in second-quarter net profit on Tuesday, as it reaped higher prices ‌for crude oil, refined products and chemicals while rerouting shipments away from the war-hit Strait of Hormuz.

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  1. Aramco posts 44% rise in net profit as Iran war drives up oil prices

    Report published · Retained

    Saudi oil major Aramco ​reported a 44% increase in second-quarter net profit on Tuesday, as it reaped higher prices ‌for crude oil, refined products and chemicals while rerouting shipments away from the war-hit Strait of Hormuz.

    Reduced historical snapshot.

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