Aramco Q1 2026: Net income surges 26% to $33.6 bn as East – West Pipeline hits maximum capacity amid Hormuz crisis

RIYADH, May 10 (Saudi Arabia Breaking News) – Saudi Aramco on Sunday reported a 26% year-on-year jump in adjusted net income to $33.6 billion for the first quarter of 2026, as the company leveraged its domestic infrastructure to navigate the global disruption caused by Iran’s blockade of the Strait of Hormuz.

The East-West Pipeline was ramped up to its maximum capacity of 7.0 million barrels per day during the quarter, enabling exports via Saudi Arabia’s west coast and bypassing Hormuz entirely. The board of directors declared a Q1 2026 base dividend of$21.9 billion, up 3.5% year-on-year, to be paid in the second quarter. The company’s gearing ration stood at 4.8% as of March 31, 2026, compared to 3.8% at the end of 2025.

“Aramco’s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment. Our East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz”. – AMIN NASSER, PRESIDENT AND CEO, ARAMCO

“Recent 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”. – ANIM NASSER, PRESIDENT AND CEO, ARAMCO