What was Saudi Aramco's Q1 2026 net profit, and what key factors drove the increase?

Saudi Aramco's Q1 2026 net profit rose to SR 120.1 billion ($32 billion), driven primarily by higher sales resulting from a surge in crude oil and chemical prices linked to the Middle East conflict; revenue growth was attributed to both higher prices and increased volumes sold across crude oil, refined products, and chemicals.

How did geopolitical conditions and infrastructure performance contribute to Aramco's Q1 2026 results?

Geopolitical tensions—specifically the Middle East conflict—spurred higher crude and chemical prices, boosting revenues, while Aramco’s East-West Pipeline operated at its maximum capacity of 7 million barrels per day, serving as a critical supply artery that helped mitigate global energy supply disruptions caused by shipping constraints in the Strait of Hormuz.

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Saudi Aramco Q1 net profit rises on higher crude, chemical prices

May 11, 2026

Saudi Aramco reported a Q1 2026 net profit of $32 billion, driven by surging crude and chemical prices amid Middle East tensions. The company noted strong operational resilience despite rising costs and global supply constraints.

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