Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity - Reuters
Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity Reuters
Coverage by Political Leaning
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Notable Quotes
"Our East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock."
— Amin Nasser , Executive
""Our East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz.""
— Amin Nasser , Executive
"Our East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz."
— Amin Nasser , Executive
"October, December, or November would be good times to do this, especially given the current copper prices and outlook."
— Michael Meding , Executive
"the ceasefire agreement with Iran is 'on life support' after he dismissed Tehran's response to a U.S. proposal for peace as 'stupid.'"
— Donald Trump , Politician
Key People
Amin Nasser is the President and CEO of Saudi Aramco.
Former president of the United States known for his aggressive economic policies.
Michael Meding is the director of the Los Azules copper mining project.
Saudi Aramco is the state-owned oil company of Saudi Arabia.
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<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxNdjlXbUFMYVMyd29pSmpOWU02UDNoelpfdmZPZ191VVdOcG55a1ZqYXlwTjQwV2IyZXcwcXBMRURCVkVpUFdOZVkzM2oxOHVrUk15MGprV1l3MWYwZVdLTktZS0pYR3U0dE16N21wcTgxWllXMjdRTEk2YlJmckpENFNQenVvbENtX19xVmMtVDV3UG9OZFFPRkpZWFpDZw?oc=5" target="_blank">Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity</a> <font color="#6f6f6f">Reuters</font>
Aramco's Q1 net profit increased by 25% to $32.5 billion, with the East-West pipeline operating at full capacity amid Strait of Hormuz disruptions.
Aramco's net profit in Q1 2026 reached 122.008 billion riyals, a 25% increase, attributed to higher oil prices following the closure of the Strait of Hormuz.
Aramco reported a 25% increase in Q1 net profit to $32.5 billion, driven by stronger sales and improved operational performance amid global uncertainties.
Saudi Aramco's first-quarter profit rose 25% to $32.5 billion, with the East-West Pipeline operating at full capacity to mitigate the impact of the Iran conflict on the Strait of Hormuz.
Aramco's Q1 profits increased by 25% to $32.5 billion, achieved by rerouting exports through its East-West Pipeline due to disruptions in the Strait of Hormuz caused by the Iran war.
Aramco announced a 25% increase in Q1 profits, reaching $32.5 billion, attributed to higher sales and the East-West Pipeline operating at full capacity amid the Strait of Hormuz disruptions.
Saudi Aramco's Q1 net profit rose 25% to $32.5 billion, driven by higher sales and the East-West pipeline operating at full capacity due to Hormuz disruptions.
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