How did Saudi Aramco achieve a 26% profit jump amid Middle East conflict and Strait of Hormuz disruptions?

Saudi Aramco achieved a 26% profit jump in Q1—reaching $33.6bn—primarily because its east-west pipeline operated at maximum capacity of 7 million barrels per day, enabling it to bypass blocked Gulf ports and ship oil via the Red Sea port of Yanbu. This infrastructure allowed continued exports despite attacks on its facilities and the effective closure of the Strait of Hormuz, through which about a fifth of global oil and gas normally flows. CEO Amin Nasser emphasized the pipeline's role as a 'critical supply artery' that mitigated the impact of the global energy shock caused by shipping constraints.

What did Aramco’s CEO say about the timeline for oil market recovery if the Strait of Hormuz reopens?

Aramco’s CEO Amin Nasser stated that even if trade flows through the Strait of Hormuz resume immediately, it would still take 'a few months for the oil market to rebalance'. He further warned that if shipping curtailments persist beyond a few weeks, the supply disruption would continue and the market would not normalize until 2027.

ChemBrief

Topics Daily Digest Tags

Saudi Aramco Profits Jump Despite Conflict in Middle East

May 10, 2026

Saudi Aramco reported a 26% profit surge to $33.6bn in Q1, using its east-west pipeline to bypass Gulf port closures. CEO Amin Nasser warns global oil markets may not normalize until 2027 if shipping disruptions continue.

theguardian

2025-10-14

Saudi Aramco to Boost Gas, Chemicals; Primed to Handle 'Shocks' — CEO

2026-03-10

Saudi Aramco Q4 net income falls on higher operating costs, lower revenue

2026-04-28

Poland's Orlen says Aramco oil supplies on schedule, in line with contracted volumes

2026-04-28

Aramco Suspends LPG Deliveries Through May on Facility Damage

2026-05-08

Aramco, Adnoc Transport Oil Through Hormuz Despite Iran Threats