Saudi Aramco Q2 Profit and Sales Report: Analyzing the Numbers

Saudi Aramco reported a Q2 net profit of 109.01 billion riyals, compared to 112.81 billion riyals a year ago. Sales rose to 425.71 billion riyals from 402.56 billion riyals, driven by higher crude oil, refined, and chemical product prices. Capital expenditures for the quarter were SAR 45.5 billion.

Saudi Aramco has announced its Q2 financial results, showing a net profit of 109.01 billion riyals. This is a slight decrease from 112.81 billion riyals achieved in the same period last year.

The company's sales, however, saw a rise to 425.71 billion riyals compared to 402.56 billion riyals a year ago, attributed to higher prices for crude oil, refined, and chemical products.

Additionally, the Q2 period saw an increase in the volumes of refined and chemical products sold, alongside capital expenditures amounting to SAR 45.5 billion. Total hydrocarbon production reached 12.3 million barrels of oil equivalent per day.

(With inputs from agencies.)