Saudi Aramco's Q1 profit rises 25% on higher sales

SAUDI ARAMCO

SAUDI ARAMCO

2222.SA

0.00

DUBAI, May 10 (Reuters) - Saudi oil giant Aramco 2222.SE reported on Sunday a 25% rise in first-quarter net profit, mainly due to higher sales, while the East-West crude pipeline that circumvents the Strait of Hormuz has reached its full capacity.

The world's top oil exporter reported net profit of $32.5 billion in the three months ended March 31, beating an LSEG consensus estimate of $30.95 billion.


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