Saudi Aramco's profits increased by 25% in Q1 thanks to higher sales.

SAUDI ARAMCO
Tadawul All Shares Index

SAUDI ARAMCO

2222.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

DUBAI, May 10 (Reuters) - Saudi Aramco, the world's largest oil company, said on Sunday it had posted a 25 percent rise in first-quarter net profit, mainly due to higher sales, while its East-West pipeline, which bypasses the Strait of Hormuz, reached full capacity.

Aramco, the world's largest oil exporter, announced net profits of $32.5 billion for the three months ending March 31, exceeding the London Stock Exchange Group's estimate of $30.95 billion.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.