Aramco Sees 44% Profit Jump Despite Hormuz Disruptions
Saudi oil giant Aramco has reported a significant increase in its second-quarter net profit, despite disruptions to shipping through the Strait of Hormuz. The company's CEO Amin H. Nasser attributed this success to higher crude oil and refined product prices, as well as improved refining margins compared to the previous quarter.
Aramco's net income for the April-June period was around $32.7 billion, a 44% increase from the same period in 2025 when it was around $22.67 billion. The company has also relied on its strategic East-West Pipeline, which links oil fields in the Eastern Province to the Red Sea port of Yanbu, to bypass the Strait of Hormuz.
This move allowed Aramco to maintain business continuity and capitalize on its diverse asset base and multi-decade planning. Major oil companies have reported soaring quarterly profits as fossil fuel prices climbed amid energy disruptions caused by hostilities between the United States and Iran since late February.