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Aramco Q1 income rises 25% amid CEO’s warning on oil supply
Key takeaways
- Even if trade routes return to normal, he cautioned, stabilisation in energy markets may take time to materialise, according to Reuters.
- Nasser made these remarks as Aramco announced its results for the first quarter of 2026 (Q1 2026), reporting net income of SR122bn, an increase of 25% from SR97.5bn in the same period last year.
- Adjusted net income for the Saudi Arabian national oil and gas company rose 26.3% to $33.6bn from $26.6bn a year earlier.
Aramco Q1 income rises 25% amid CEO’s warning on oil supply Shree Mishra Mon, May 11, 2026 at 4:14 PM GMT+7 2 min read 2222.SR CL=F Aramco CEO Amin Nasser warned that global oil supplies have declined by an estimated one billion barrels over the past two months as shipping disruptions through the Strait of Hormuz continue to restrict flows.
Even if trade routes return to normal, he cautioned, stabilisation in energy markets may take time to materialise, according to Reuters.
Nasser made these remarks as Aramco announced its results for the first quarter of 2026 (Q1 2026), reporting net income of SR122bn, an increase of 25% from SR97.5bn in the same period last year.
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