Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline

AramcoThe world’s largest oil company reported Sunday that its first-quarter profit rose 25% from last year; Strait of Hormuzcorrupted by Iran war.

Officially Saudi Arabian Oil Co. Aramco, known as Aramco, reported profits of $32.5 billion in the quarter ended March 31. The state-owned company had reported a 12% drop in annual profits in 2025.

“Aramco’s first quarter performance reflects strong resilience and operational resilience in a complex geopolitical environment,” Aramco Chairman and CEO Amin H. Nasser said in a statement, adding that the company’s East-West Pipeline, which runs across Saudi Arabia from the Eastern oil fields to the Red Sea, is currently operating at a maximum capacity of 7 million barrels of oil per day. Nasser said the pipeline “helps cushion the impact of the global energy shock and provides relief to customers.”

However, it cannot replace the capacity lost in transportation. Disruption in the Strait of Hormuz. Before the war, 20% of the world’s traded oil and large stocks of natural gas, fertilizer and other petroleum products passed through the strait every day.

Iran effectively seizes control of critical waterway after US and Israel Attacked on February 28 and a US naval blockade The law imposed last month also makes its use difficult.

“Recent events have made clear the vital contribution of oil and gas to energy security and the global economy and remind us that reliable energy supply is critical,” Nasser said in a statement. he said. “Despite these setbacks, Aramco remains focused on its strategic priorities and uses both its local infrastructure and global network to overcome disruptions.”