Saudi Aramco's profit surged as the Iran war sent oil prices soaring

The oil giant posted $33.4 billion in adjusted net income for the second quarter, topping analyst expectations, as crude averaged $108 a barrel

Saudi oil giant says the Iran war has caused no material disruptions and expects stronger demand as global inventories are rebuilt.

Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.

Saudi Aramco's profits soar 44 percent as war boosts oil prices Oil company Saudi Aramco reported a 44 percent surge in net profits on Tuesday, as the war on Iran sent oil prices soaring. Its net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June was up from 85 billion riyals ($22.7 billion)

Saudi Aramco Profit Jumps 33% on Higher Oil Prices Amid Iran War  WSJ

Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict.The world's largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion) over the April to June period, beating an