Aramco Q1 Profit Jumps 25% as Pipeline at Full Capacity
Adjusted quarterly net profit rose to $33.6 billion as the East-West pipeline hit 7 million barrels a day, easing Strait of Hormuz shipping curbs.
- Saudi Aramco reported a 25% jump in first-quarter profit yesterday, with adjusted net earnings reaching $33.6 billion as the East-West Pipeline runs at full capacity of 7 million barrels daily.
- US-Iran war tensions have curtailed shipping through the Strait of Hormuz, a waterway historically carrying a fifth of global oil supply, driving Brent crude prices to surge $4 to $105 per barrel.
- Total revenue surged nearly 7% to $115.49 billion, while Aramco declared a first-quarter base dividend of $21.9 billion, part of an expected $87.6 billion total for 2026.
- On Sunday, CEO Amin Nasser warned that supply disruptions could persist well into next year, estimating the world has lost one billion barrels of oil since the Iran war started in late February.
- Both Trump and Iran have rejected proposals to end the war, with Donald Trump branding a mooted peace plan "totally unacceptable," dimming prospects for market normalization.
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Aramco profit jump proves wisdom of decades-old pipeline investment
The NewsAramco’s profit jumped in the first three months of the year after surging oil prices helped offset lower exports from the closure of the Strait of Hormuz, justifying the strategic value of the kingdom’s decades-old investment in pipelines that bypass the chokepoint.The company, which provides more than half of government revenues, also bumped up its quarterly dividend payment by an additional $742 million. Most of that cash goes to the …
The world’s largest oil company reported that its profits in the first quarter increased 25 percent compared to last year, as it increased its exports by using a pipeline that avoids shipping through the strait, which has been interrupted by the war with Iran. It won $32.5 billion, after a 12 percent drop in annual profits in 2025.
Saudi Aramco profits jump 25% as Iran war drives oil prices higher
Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.
Aramco Q1 profit jumps 25% as pipeline at full capacity
Saudi Aramco reported a 25% jump in first-quarter profit, showing its resilience as US-Iran war tensions curtail Strait of Hormuz shipping, with the state oil giant's East-West crude pipeline running at full capacity to mitigate the impact to supplies.
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