Riyadh: Saudi oil giant Aramco said Sunday its net profit rose by more than 25 percent in the first quarter of the year compared to the same period in 2025, driven by an increase in the volume of crude oil sold and higher prices.
The group, majority-owned by the state, said in a statement published on the Saudi stock exchange website that "total revenue for the first quarter of 2026 was 433.10 billion Saudi riyals ($115.49 billion), compared to 405.65 billion riyals ($108.17 billion) for the same quarter in 2025".
"The increase in revenue was mainly due to higher prices and volumes sold of refined and chemical products as well as higher crude oil volumes sold and higher crude oil prices," it said.
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