Aramco Q1 Profit Surges 25% as East-West Pipeline Hits Full Capacity Amid Hormuz Crisis

TLDR: Aramco’s Q1 net profit rose 25% to $32.5B, beating the LSEG consensus estimate of $30.95 billion. The East-West Pipeline reached 7.0M bpd capacity, offsetting Hormuz shipping disruptions during the conflict. Total revenue climbed nearly 7% to $115.49B on higher crude oil and refined product prices and volumes. Aramco’s base dividend rose 3.5% to $21.9B, [...]

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