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Saudi oil giant Aramco says its net profit rose by 25.5 percent in the first quarter compared to the same period last year.
Aramco's net income rose 25.5% in Q1 2026, reaching $32.04 billion.
KEY POINTS
- This is Aramco's first quarterly profit increase after 12 consecutive quarters of decline.
- Aramco maximized its east-west pipeline to 7 million barrels per day to bypass Hormuz disruptions.
- Facilities in Riyadh, Eastern Province, and Yanbu were targeted by Iranian attacks but have been restored.
COMPANIES
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