Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge

Saudi Aramco reported a 33% year-over-year rise in adjusted second-quarter net income to $33.385 billion, topping analyst expectations of about $31 billion. The jump was driven by elevated oil prices and Aramco’s ability to reroute most crude exports around Strait of Hormuz disruptions. Aramco’s average realized crude price rose to $108.1 per barrel, versus $76.9 in Q1 and $66.7 a year earlier. The company held its base dividend at $21.9 billion for Q2, underscoring cash-generation strength despite regional shipping risks. The article highlights how infrastructure flexibility, including the East-West Pipeline and storage/export assets, helped maintain production and exports. Market impact is broadly supportive for crude sentiment and energy-sector earnings, signaling that oil producers with logistics optionality can better weather geopolitical bottlenecks.