Saudi Aramco Profit Surges by 25% in Q1 2026
The state-owned oil giant Saudi Aramco reported a 25% increase in first-quarter net profit for 2026, supported by stronger oil prices compared to the same period last year.
According to its financial statement, the world’s biggest crude exporter posted a net income of $32.5 billion for the January-March period, up from $26 billion in the first quarter of 2025.
Amin H. Nasser, Aramco’s president and CEO, said the increase in Aramco’s first-quarter results, despite geopolitical tensions in the Middle East, demonstrated the company’s operational resilience and flexibility.
“Our East-West Pipeline, which reached its maximum capacity of 7 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz,” Nasser said.
“Despite these headwinds, Aramco remains focused on its strategic priorities and is leveraging both its domestic infrastructure and its global network to navigate disruption,” he added.
Brent crude, the global oil benchmark, rose approximately 93.4% in the first quarter, fluctuating between $61 and $118 per barrel. Energy Crisis Shifts Nigeria’s Interest Rate Cut Outlook -Analysts
