Aramco Q2 profit up 33% as war spikes oil, pipeline bypass aids
Adjusted net income rose to $33.4 billion, a 33% jump from $25.2 billion a year earlier, beating Bloomberg estimates of $31.1 billion. The surge came as higher oil prices, driven by the US‑Iran conflict, lifted revenues, while Aramco kept exports steady via its East‑West pipeline that sidesteps the Strait of Hormuz.