Saudi Aramco reported a net profit of $32.5 billion for the first quarter of 2026, which is 25% higher than the same period last year. This profit growth occurred despite ongoing disruptions in the Strait of Hormuz.

In its published first-quarter results, the company highlighted a significant increase in oil deliveries through the East-West pipeline, which reached its maximum capacity of 7 million barrels per day. This allowed Aramco to maintain exports via Saudi Arabia’s western coast.

The rise in profits is attributed to higher oil prices in the first quarter, as well as the use of the East-West pipeline, which enables the company to bypass substantial volumes of crude affected by disruptions in the Strait of Hormuz.

Aramco’s capital expenditures for the first quarter amounted to $12.1 billion, slightly lower than the $12.5 billion spent during the same period in 2025. For the current year, the company plans capital investments in the range of $50 to $55 billion.

The company noted that the East-West pipeline plays a key role in ensuring supply and helps mitigate the impact of global energy shocks, while also supporting clients affected by shipping restrictions in the Strait of Hormuz. Aramco continues to focus on its strategic priorities, leveraging both its domestic infrastructure and global network to overcome regional supply disruptions.

Over the past two months, the global market has lost about 1 billion barrels of oil due to interruptions in the Strait of Hormuz. Stabilizing energy markets will take time, even if supplies are restored. The reopening of routes does not mean an immediate normalization of the market, which has faced a significant reduction in oil volumes.