The world’s largest oil exporter posted a net profit of $32.5 billion for the quarter ended March 31, beating an LSEG consensus estimate of $30.95 billion. Total revenue rose 11.4% sequentially to $115.49 billion.
The performance comes as global energy markets continue to navigate geopolitical uncertainty and logistical constraints in key shipping lanes.
According to the company’s quarterly statement, the East-West Pipeline — which allows crude exports to bypass the Strait of Hormuz — is now operating at its maximum capacity of 7.0 million barrels per day, strengthening Saudi Arabia’s export resilience.
Aramco President and CEO Amin H Nasser said the results reflected the company’s operational strength in a volatile environment.
“Aramco’s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment,” Nasser said in the company statement. He added that the East-West Pipeline had “proven itself to be a critical supply artery,” helping offset disruptions linked to shipping constraints in the Strait of Hormuz.
He said recent global developments underscored the importance of reliable energy supply, calling oil and gas “vital” to energy security and the global economy.
“Despite these headwinds, Aramco remains focused on its strategic priorities and is leveraging both its domestic infrastructure and its global network to navigate disruption,” Nasser said, adding that the company’s workforce had shown “immense professionalism, determination, and expertise” in supporting customers and shareholders.
