Saudi Aramco reports soaring profits amid global energy turmoil

Saudi Aramco reports soaring profits amid global energy turmoil Saudi Aramco reported a net profit of 120.13 billion Saudi riyals ($32.5bn) for the first quarter of 2026, marking a 25.5 percent increase from the 95.68 billion riyals ($25.4bn) recorded during the same period last year. The Saudi oil giant said sales rose to $114.9bn from $107.6bn a year earlier, while cash flow reached $30.7bn. The company attributed much of the improved performance to...