Aramco Q2 Profits Surge Amid Iran-Driven Supply Constraints
Saudi Aramco reported a second-quarter adjusted net income of 125.2 billion Saudi riyal ($33.4 billion), a 33% year-on-year increase that exceeded analyst expectations of $31.59 billion. The surge follows severe disruptions in the Strait of Hormuz linked to Middle East conflict, which the company mitigated by routing exports through its East-West pipeline. Aramco Leverages Infrastructure … Read more