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Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter.
Aramco's Q1 adjusted net income rose 26% to 126 billion riyals, beating analyst estimates.
KEY POINTS
- Saudi oil exports reached 5 million barrels a day by end of March, 70% of prewar levels.
- Aramco rerouted shipments from the Persian Gulf to the Red Sea within days of conflict starting.
- Saudi shipments through the East-West pipeline ramped up to 7 million barrels a day capacity.
- Aramco sent some crude via the Strait of Hormuz using ships with transponders switched off.
COMPANIES
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