Aramco's Q2 Profit Soars Amid Hormuz Disruption

Saudi Aramco's second-quarter profit surged 44% to $32.69 billion, thanks in part to the company's ability to bypass disruptions caused by the Hormuz closure.

The Strait of Hormuz was severely restricted from March onwards, but Aramco utilised its East-West pipeline to transport oil through western terminals at Yanbu and Jizan.

Aramco's storage capacity and network of export terminals helped maintain supplies to customers during the disruption. The company's diversified asset base and long-term planning enabled it to sustain production and exports, despite the challenging regional environment.

The realised crude oil price rose 62% year-on-year during the conflict, helping to compensate for a sharp reduction in production.