# Saudi Aramco reports a 26% year-on-year jump in first-quarter profits.

*business · news · 2026-05-10 · CNBC*

## Key points

- Saudi Aramco's East-West Pipeline has reached its full capacity of 7 million barrels per day.
- Aramco's Q1 2026 adjusted net income rose to $33.6 billion, significantly beating analyst expectations.
- Iran's blockade of the Strait of Hormuz has caused a nearly 1 billion barrel oil loss.
- Brent crude prices surged 95% in Q1 2026 and are up 67% year-to-date.
- Aramco's board approved a 3.5% year-on-year increase in base dividend for Q1.

**Companies:** Saudi Aramco, SLB
**Countries:** Saudi Arabia, Iran, United Arab Emirates, United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/10/saudi-aramco-q1-profit-jumps-26percent-as-key-pipeline-reaches-capacity.html)

---

Canonical: https://newsio.io/n/c1889c43-7a4a-4b36-a353-118975ac73d6/saudi-aramco-reports-a-26-year-on-year-jump-in-first-quarter-profits-analysts-ha
Summarized by Newsio from CNBC. https://newsio.io/how-it-works