Saudi Aramco reports bumper profits as it bypasses Strait of Hormuz

Saudi Aramco reports bumper profits as it bypasses Strait of Hormuz Saudi Aramco said on Tuesday its profits surged 33 percent in the second quarter of this year, as the kingdom benefited from the US-Israeli war on Iran, which drove up energy prices, while its oil pipeline allowed it to bypass the Strait of Hormu

The oil giant posted $33.4 billion in adjusted net income for the second quarter, topping analyst expectations, as crude averaged $108 a barrel

Saudi oil giant says the Iran war has caused no material disruptions and expects stronger demand as global inventories are rebuilt.

Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.

Saudi Aramco Profit Jumps 33% on Higher Oil Prices Amid Iran War  WSJ

Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict.The world's largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion) over the April to June period, beating an

UAE’s Hormuz oil exports more than halve in July as shipments bypass strait  thenationalnews.com

Experts warn that Marco Rubio's Hormuz bypass plan is hindered by pipeline limits and severe Red Sea threats.