Amin Nasser, Aramco CEO, presides over the world’s largest oil company amid surging profits and volatile Middle East energy politics.
Global oil majors are posting higher first‑quarter profits as supply disruptions, including the Strait of Hormuz tension and related price spikes, bolster trading and refining margins. Shell and BP report earnings well above forecasts, while Aramco highlights a critical export artery from its east coast to the Red Sea, helping cushion markets.
Saudi Aramco has reported a $32.5 billion profit for Q1 2026, driven by higher volumes and a full-capacity East-West Pipeline that is helping mitigate global energy shocks despite continuing disruption in the Strait of Hormuz. The company notes ongoing headwinds from Hormuz while maintaining its dividend and investing in growth.
The administration has rejected Iran’s latest counterproposal and warns the ceasefire is on life support. Tehran and Washington are locked in a regional standoff that has disrupted oil flows and heightened global tensions, with talks on ending the war failing to progress.