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Saudi Aramco posts 33% profit surge despite Strait of Hormuz disruptions
The company pointed to higher oil prices and said it kept output moving by rerouting flows through pipelines as disruptions affected the Strait of Hormuz.
The New York Times reports that Saudi Aramco delivered a quarterly profit jump of 33%, even as disruptions tied to the war disrupted shipping routes near the Strait of Hormuz.
The outlet said Aramco’s results were supported by higher oil prices.
According to the report, the company used pipelines to work around the disruption and maintain operations despite the regional bottleneck.
The article links the earnings increase to the combination of stronger crude pricing and continued logistics capacity through alternative routes.
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