Business & Markets
Aramco CEO says Houthi attacks had no material impact
Saudi Aramco chief executive Amin H. Nasser said Houthi attacks on Saudi Arabia had "no material impact," after the company reported a 44% year-on-year rise in second-quarter profit.
The Saudi state-majority-owned oil company said net profit reached 122.6 billion Saudi riyals, or $32.7 billion, in the second quarter. It reported net income of 85 billion riyals, or $22.67 billion, in the same period in 2025.
Excluding exceptional items, adjusted net income for April to June 2026 was 125.1 billion riyals, or $33.4 billion.
Nasser also said the company maintained business continuity despite what he called an unprecedented supply disruption through the Strait of Hormuz. He cited Aramco's asset base and long-term planning, including the East-West Pipeline, storage capacity and export terminals.
Fighting in the Gulf continues to restrict hydrocarbon shipments through the Strait of Hormuz, while Iran's Houthi allies in Yemen announced a maritime blockade against Saudi Arabia in the Red Sea last month.
Update
Aramco's chief said Houthi attacks on Saudi Arabia had "no material impact."
Source note: AFP news report published on 4 August 2026 at 06:24:54 UTC.
Update
Aramco reported adjusted net income of 125.1 billion Saudi riyals, or $33.4 billion.
CEO Amin H. Nasser said Aramco maintained business continuity despite supply disruption through the Strait of Hormuz.
The company cited assets including the East-West Pipeline, storage capacity and export terminals.
The item adds that Gulf fighting continues to restrict hydrocarbon passage through the Strait of Hormuz and that Yemen's Houthis announced a Red Sea maritime blockade against Saudi Arabia last month.
Source note: AFP news report published on 4 August 2026 at 06:07:57 UTC.
Update
Saudi Aramco reported net income of 122.6 billion Saudi riyals, or $32.7 billion, for April to June.
The year-earlier figure was 85 billion Saudi riyals, or $22.67 billion.
Aramco is majority-owned by the Saudi state.
Source note: AFP news report published on 4 August 2026 at 05:47:12 UTC.
Uncertainty notes
The brief update does not specify which Houthi attacks the Aramco chief was referring to.
Source
AFP news report published on .