Middle East Conflict Drives Oil Prices Up, Saudi Aramco's Q1 Net Profit Jumps Over 25%
Saudi Aramco, the state-owned oil company of Saudi Arabia, announced today that its net profit for the first quarter of this year surged by over 25% compared to the same period last year. This increase was driven by higher crude oil sales and rising prices amidst the Middle East conflict, with net profit reaching 120.13 billion Saudi Riyals (approximately NT$1 trillion).
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- 📰 Published: May 10, 2026 at 19:26
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Middle East War Key News
Central News Agency
(Central News Agency, Riyadh, May 10th, comprehensive foreign report) Amidst the surge in crude oil prices triggered by the Middle East conflict, Saudi Aramco, the state-owned oil company of Saudi Arabia, announced today that its net profit for the first quarter of this year surged by over 25% compared to the same period last year, driven by increased crude oil sales and rising prices.
According to Agence France-Presse, the world's largest oil exporter, Saudi Aramco, released this financial report at a time when the Middle East conflict is causing oil and gas prices to soar, and the uncertainty of the situation is unsettling global markets.
According to a statement posted on the Saudi Stock Exchange website, Saudi Aramco stated that "the increase in revenue is mainly attributable to the increase in prices and sales volumes of refined and chemical products, as well as the growth in crude oil sales and rising oil prices."
The closure of the Strait of Hormuz by Iran triggered a global energy crisis. Crude oil prices continued to rise from over US$60 per barrel in early February this year, breaking through US$100 in March.
Saudi Aramco pointed out that its net profit in the first quarter of this year reached 120.13 billion Saudi Riyals (approximately NT$1 trillion), higher than the 95.68 billion Riyals in the same period last year.
According to the statement: "The increase in net profit was mainly driven by the growth in sales and other revenues, although part of this was offset by higher operating costs and taxes." (Compiled by: Hong Qiyuan) 1150510
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Central News Agency
(Central News Agency, Riyadh, May 10th, comprehensive foreign report) Amidst the surge in crude oil prices triggered by the Middle East conflict, Saudi Aramco, the state-owned oil company of Saudi Arabia, announced today that its net profit for the first quarter of this year surged by over 25% compared to the same period last year, driven by increased crude oil sales and rising prices.
According to Agence France-Presse, the world's largest oil exporter, Saudi Aramco, released this financial report at a time when the Middle East conflict is causing oil and gas prices to soar, and the uncertainty of the situation is unsettling global markets.
According to a statement posted on the Saudi Stock Exchange website, Saudi Aramco stated that "the increase in revenue is mainly attributable to the increase in prices and sales volumes of refined and chemical products, as well as the growth in crude oil sales and rising oil prices."
The closure of the Strait of Hormuz by Iran triggered a global energy crisis. Crude oil prices continued to rise from over US$60 per barrel in early February this year, breaking through US$100 in March.
Saudi Aramco pointed out that its net profit in the first quarter of this year reached 120.13 billion Saudi Riyals (approximately NT$1 trillion), higher than the 95.68 billion Riyals in the same period last year.
According to the statement: "The increase in net profit was mainly driven by the growth in sales and other revenues, although part of this was offset by higher operating costs and taxes." (Compiled by: Hong Qiyuan) 1150510
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to get the latest news instantly.
Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.