Aramco reported $32.69 billion in net profit for Q2 2026, a 44% surge from $22.67 billion in the same quarter last year. This record performance, released on August 4, was driven by rising crude prices due to supply disruptions tied to the ongoing Iran conflict. Adjusted figures showed a 33% year-on-year increase, beating analyst consensus estimates. The company also announced a 3.5% year-on-year increase to its Q2 2026 base dividend, with payment scheduled for August 27. Sustained high oil prices could curb inflation expectations and limit central bank rate cuts, weighing on rate-sensitive assets like Bitcoin, while boosting Saudi Arabia’s capacity to invest in technology and digital infrastructure.
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