What was Aramco's Q1 2024 profit and how much did it increase year-on-year?

Aramco reported a profit of $32.5 billion for the quarter ending March 31, up 25% from the same period a year ago.

How did Aramco respond to the Strait of Hormuz disruption caused by the Iran war, and what is the capacity of its alternative export route?

Aramco shifted some oil exports to its East-West Pipeline across Saudi Arabia to avoid the disrupted Strait of Hormuz, and the pipeline is now operating at its maximum capacity of 7 million barrels of oil per day.

Saudi Oil Giant Aramco Sees 25% Jump in Q1 Profit After Shifting Exports from Strait of Hormuz

May 11, 2026

Saudi Aramco reported a 25% surge in Q1 profits to $32.5 billion, driven by higher oil prices amid regional conflict. The company maximized its East-West Pipeline capacity to bypass the disrupted Strait of Hormuz, mitigating global energy shock impacts.

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