Saudi Arabia/Economy/Saudi Aramco profit rises 25% in Q1 despite Middle East conflict

Saudi Aramco profit rises 25% in Q1 despite Middle East conflict

May 10, 202611 sources

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Summary

Saudi Aramco reported a 25% increase in first-quarter profit, driven by higher oil prices and the use of an East-West pipeline that bypassed the Strait of Hormuz. The profit rise came despite disruptions from the ongoing conflict in the Middle East.

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Saudi Aramco profits jump despite conflict in Middle East

May 10ro

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