Saudi Aramco reported first-quarter 2026 net profit of $32.5 billion, a 25.5% increase from $25.4 billion in the same period of 2025, as the Strait of Hormuz crisis drove oil prices higher. Sales rose to $114.9 billion. The company attributed much of its performance to full utilization of its East-West Crude Oil Pipeline, which operates at maximum capacity of 7 million barrels per day and bypasses the Strait by transporting oil to the Red Sea.
Q1 2026 financial results
- ▪Saudi Aramco's cash flow reached $30.7 billion in the first quarter of 2026
- ▪Saudi Aramco's sales rose to $114.9 billion in the first quarter of 2026 from $107.6 billion a year earlier
- ▪Saudi Aramco's first quarter 2026 net profit marked a 25.5 percent increase from the 95.68 billion riyals ($25.4 billion) recorded during the same period in 2025
- ▪Saudi Aramco reported a net profit of 120.13 billion Saudi riyals ($32.5 billion) for the first quarter of 2026
East-West Pipeline operations
- ▪Saudi Aramco attributed much of its improved first quarter 2026 performance to the full utilisation of its East-West Crude Oil Pipeline
- ▪Saudi Aramco's East-West Crude Oil Pipeline bypasses the Strait of Hormuz by transporting oil to the Red Sea
- ▪Saudi Aramco's East-West Crude Oil Pipeline operates at its maximum capacity of 7 million barrels per day
- ▪Saudi Aramco CEO Amin Nasser described the East-West Crude Oil Pipeline as a critical supply artery helping ease the effects of shipping disruptions linked to regional conflict
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