GeneralBullishBlockonomi · 4h ago6/10
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Aramco Q1 Profit Surges 25% as East-West Pipeline Hits Full Capacity Amid Hormuz Crisis
Saudi Aramco reported a 25% year-over-year surge in Q1 net profit to $32.5 billion, exceeding analyst expectations, driven by higher crude and refined product prices alongside increased volumes. The company's East-West Pipeline reaching full 7.0 million barrel-per-day capacity provided critical supply diversification during Strait of Hormuz shipping disruptions linked to regional conflict.