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Saudi Aramco reports a 26% year-on-year jump in first-quarter profits.
Saudi Aramco's East-West Pipeline has reached its full capacity of 7 million barrels per day.
KEY POINTS
- 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
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