Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity

 

3D-printed oil pump jacks and the Saudi Aramco logo appear in this illustration taken March 2, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

• Summary
• Companies

• Aramco profit surges 25% as higher sales boost earnings
• East-West pipeline hits capacity, cushioning Hormuz shipping disruption risks
• Dividends rise while cash flow softens amid geopolitical strain

DUBAI, May 10 (Reuters) - Saudi Aramco reported a 25% jump in first-quarter profit on Sunday, showing its ‌resilience as U.S.-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.

The world's top oil exporter (2222.SE), opens new tab earned a net profit of $32.5 billion in the three months ended March 31, ​beating an LSEG consensus estimate of $30.95 billion.

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