SNM: Q2 2026 saw a 97% production drop and 50% revenue decline, but net income rose to $8.8 million

About this update from Shamaran Petroleum Ltd.

Production was severely disrupted in Q2 2026 due to regional conflict, resulting in a 97% drop in output and a 50% decline in revenue year-over-year, though higher oil prices partially offset the impact. Net income rose to $8.8 million, and the company maintained strong gross margins and liquidity despite ongoing geopolitical risks and operational uncertainties.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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