Aramco Q1 profit jumps 25% as Hormuz risks push pipeline to full capacity

Saudi Aramco reported a 25% increase in Q1 profit, reaching $32.5 billion, surpassing estimates due to higher crude and refined product sales. Total revenue rose nearly 7% to $115.49 billion. The East-West pipeline operated at full capacity to counteract supply disruptions from the U.S.-Iran tensions. Aramco declared a base dividend of $21.9 billion, a 3.5% increase year-on-year, as it continues to support Saudi government spending. Capital expenditure slightly decreased to $12.1 billion, with a projected $50-55 billion for the year.