{"id":5985,"date":"2026-05-10T18:58:16","date_gmt":"2026-05-10T18:58:16","guid":{"rendered":"https:\/\/stock999.top\/?p=5985"},"modified":"2026-05-10T18:58:16","modified_gmt":"2026-05-10T18:58:16","slug":"worlds-largest-oil-company-reports-25-profit-jump-as-exports-bypass-strait-of-hormuz-closure","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=5985","title":{"rendered":"World\u2019s largest oil company reports 25% profit jump as exports bypass Strait of Hormuz closure"},"content":{"rendered":"

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Aramco, the world\u2019s largest oil company, reported Sunday that its first quarter profits jumped 25% over last year, as it increased exports by using a pipeline that avoids shipping through the\u00a0Strait of Hormuz, which has been disrupted by\u00a0the Iran war.<\/p>\n

Formally known as the Saudi Arabian Oil Co., Aramco reported a profit of $32.5 billion for the quarter ending March 31. The state-owned company had reported a 12% decline in annual profits in 2025.<\/p>\n

\u201cAramco\u2019s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment,\u201d Aramco President and CEO Amin H. Nasser said in a statement, adding that the company\u2019s East-West Pipeline, which runs across Saudi Arabia from its Eastern oil fields to the Red Sea, is now operating at its maximum capacity of 7 million barrels of oil per day. Nasser said the pipeline is \u201chelping to mitigate the impact of a global energy shock and providing relief to customers.\u201d<\/p>\n

However, it cannot replace the capacity lost to the shipping\u00a0disruption in the Strait of Hormuz. Before the war, 20% of the world\u2019s traded oil typically flowed through the strait every day, as well as large supplies of natural gas, fertilizer and other petroleum products.<\/p>\n

Iran effectively seized control of the critical waterway after the U.S. and Israel\u00a0attacked it on Feb. 28\u00a0and a\u00a0U.S. naval blockade\u00a0imposed last month also complicates its use.<\/p>\n

\u201cRecent events have clearly demonstrated the vital contribution of oil and gas to energy security and the global economy, and are a stark reminder that reliable energy supply is critical,\u201d Nasser said in a statement. \u201cDespite these headwinds, Aramco remains focused on its strategic priorities and is leveraging both its domestic infrastructure and its global network to navigate disruption.\u201d<\/p>\n

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#Worlds #largest #oil #company #reports #profit #jump #exports #bypass #Strait #Hormuz #closure<\/p>\n","protected":false},"excerpt":{"rendered":"

Aramco, the world\u2019s largest oil company, reported Sunday that its first quarter profits jumped 25%…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[6034,4363,865,3997,504,229,373,303,2117,1224,503,461],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/5985"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5985"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/5985\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}