Saudi Arabian Oil Co., known as Aramco, reported a 33% jump in second‑quarter profit as higher crude prices lifted earnings despite lower sales volumes amid disruption to shipping through the Strait of Hormuz. Adjusted net income rose to $33.4 billion from $25.2 billion a year earlier. The increase was driven mainly by higher prices for crude, refined and chemical products, partially offset by lower volumes, higher operating costs and increased taxes. Aramco’s upstream earnings rose because of higher crude prices, while adjusted downstream earnings nearly doubled thanks to stronger refining margins.

Exports continued to flow through alternative routes, keeping supply steady for customers worldwide. The company also benefited from increased taxes, which contributed to higher reported earnings. Despite these challenges, Aramco’s robust infrastructure enabled it to navigate the crisis without significant disruptions to its output.

Aramco maintained business continuity during the disruption by leaning on its East‑West Pipeline, ample storage capacity and export terminals, allowing it to sustain production and exports. The company repositioned the Red Sea port of Yanbu as a strategic hub for western‑region shipments, ensuring reliable access to global markets.