Browsing Tag
Saudi Exchange
2 posts
Aramco Q1 2026 profit jumps 26% to $33.6bn as East-West Pipeline absorbs Hormuz shock
Hormuz was closed for ten weeks. Aramco still beat consensus by $2.4bn, ramped its East-West Pipeline to max, and declared a $21.9bn dividend.
Aramco becomes majority owner of Petro Rabigh with $702m deal and $2.9bn turnaround push
Aramco becomes Petro Rabigh’s majority owner with a $702M deal and $2.9B turnaround plan—find out how this reshapes Saudi Arabia’s downstream strategy.