NARA & DVIDS Public Domain Archive
As per the company's report, net profit for the January-March period was $32.54 billion, in contrast to $26 billion for the equivalent period last year.
Saudi Aramco's quarterly revenue rose 12% to $124.6 billion, fueled by increased oil and petroleum product prices, even with reduced sales volumes. The average achieved oil price in the first quarter stood at $76.9 per barrel, in contrast to $76.3 per barrel the previous year and $64.1 per barrel in the last quarter of 2025.
The ongoing military conflict in the Middle East compelled Saudi Arabia to redirect certain oil shipments from the Persian Gulf to export terminals on the Red Sea through the East-West pipeline. In the first quarter, this pipeline achieved its maximum capacity of 7 million barrels daily, as stated in a press release.
Saudi Aramco's CEO Amin Nasser announced on Sunday that the oil market has experienced a loss of around 1 billion barrels over the last two months because of the Middle East conflict. He cautioned that if the present circumstances continue for longer than a few weeks, market stabilization should not be anticipated until 2027.
source: reuters.com
Saudi Aramco's quarterly revenue rose 12% to $124.6 billion, fueled by increased oil and petroleum product prices, even with reduced sales volumes. The average achieved oil price in the first quarter stood at $76.9 per barrel, in contrast to $76.3 per barrel the previous year and $64.1 per barrel in the last quarter of 2025.
The ongoing military conflict in the Middle East compelled Saudi Arabia to redirect certain oil shipments from the Persian Gulf to export terminals on the Red Sea through the East-West pipeline. In the first quarter, this pipeline achieved its maximum capacity of 7 million barrels daily, as stated in a press release.
Saudi Aramco's CEO Amin Nasser announced on Sunday that the oil market has experienced a loss of around 1 billion barrels over the last two months because of the Middle East conflict. He cautioned that if the present circumstances continue for longer than a few weeks, market stabilization should not be anticipated until 2027.
source: reuters.com