Saudi Aramco, the state-owned oil producer of Saudi Arabia, reported a net profit of 12.13 trillion riyals ($32.5 billion) for the first three months of 2026. The figure marks a 25.5 percent increase compared to the same period last year, when the company earned 9.57 trillion riyals ($25.4 billion). Aramco’s sales rose from $107.6 billion to $114.9 billion, while its cash flow reached $30.7 billion.

The company attributed this strong performance to higher sales and the full operational capacity of its East-West Crude Oil Pipeline, which runs to the Red Sea and bypasses the Strait of Hormuz. Chief Executive Officer Amin Nasser said the pipeline now transports up to seven million barrels of oil per day and has become a vital supply artery, helping ease disruptions caused by shipping limitations in the Strait of Hormuz.

Nasser added that recent developments have underscored the critical role of oil and gas in global energy security and economic stability, emphasizing the importance of reliable energy supply.