Analysts had expected $27.64 billion in the quarter, according to LSEG data.

Sales revenue was $113.5 billion in Q2 versus $107.35 billion in the year-ago period, mainly driven by higher prices of crude oil, refined and chemical products, and higher volumes of refined and chemical volumes sold.

In Q2, Aramco achieved total hydrocarbon production of 12.3 million barrels oil eqivalent per day.

Capital expenditures for Q2 were $12.13 billion, Free cash flow for Q2 was $18.96 billion, despite higher crude oil prices and lower production royalties compared to the same period last year.