Aramco Reports $32.5 Billion Q1 Profit, Up 25%, After Rerouting Exports Around Strait of Hormuz
Saudi Aramco reported a first-quarter net profit of $32.5 billion on Sunday, a 25% increase over the same period last year, as higher oil prices and a successful export rerouting strategy offset disruptions caused by the Iran war. The state-owned company had reported a 12% decline...
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