
Saudi Aramco Q1 Profit Jumps 25% Amid Regional Conflict
Saudi oil giant Aramco announced a 25% surge in its first-quarter profits, largely due to rerouting exports through its East-West Pipeline to bypass potential disruptions in the Strait of Hormuz. This strategic move allowed the company to increase earnings despite ongoing conflict in the Middle East and warnings of global oil losses.
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Aramco Profit Climbs as War-Driven Oil Rise Offsets Export Hit - Bloomberg.com
Aramco Profit Climbs as War-Driven Oil Rise Offsets Export Hit Bloomberg.com
Read full article →Saudi Aramco reports higher profits despite Iran war
East-west pipeline allows oil company to circumvent the Strait of Hormuz and keep pumping
Read full article →Saudi Aramco profits jump despite conflict in the Middle East
Saudi Arabia’s state oil company hit £26.9bn profit – a 26% rise – in the first three months of the year Business live – latest updates Saudi Arabia’s state oil company reported a 26% jump in profit in its first quarter, as its east-west pipeline allowed it to ship millions of oil barrels out of the Gulf despite conflict in the Middle East. Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5...
By Lauren Almeida
Read full article →Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war
Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.
Read full article →Saudi oil giant Aramco announces 25 per cent profit surge after bypassing Strait of Hormuz disruption
Aramco, the world’s largest oil company, has reported a 25 per cent jump in first-quarter profits
By Ap Correspondent
Read full article →Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline
Read full article →Aramco CEO warns 1 billion barrels lost will slow oil market recovery
Saudi energy giant posts 25% jump in quarterly profit even as Hormuz blockade chokes global oil supplies
By Reuters
Read full article →Saudi Aramco sees profit rising over 25% in Q1 despite disruptions
Saudi Aramco reported on Sunday that its net profit increased by 25.5% in the first quarter compared to the same period last year, following the Middle East war, which sent oil and...
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