沙特阿美二季度利润同比增长33%至334亿美元并超预期

Saudi Aramco reported a 33% increase in second-quarter profit as it benefited from a war-driven surge in oil prices, while keeping exports flowing through a pipeline that bypasses the Strait of Hormuz.

Adjusted net income rose to $33.4 billion, from $25.2 billion a year earlier, according to a statement Tuesday. That beat analysts’ profit estimates of $31.1 billion compiled by Bloomberg.

Benchmark Brent crude averaged almost $97 a barrel during the quarter, as the closure of Hormuz caused the biggest oil supply disruption in history. That generated windfall profits for Aramco as it redirected most exports to the Red Sea, but now it faces further risks as Yemen’s Houthi group threatens to attack tankers using that route.

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State-controlled Aramco has also been benefiting from surging prices of oil products such as diesel and jet fuel, which have frequently outstripped gains in crude. Even when Brent fell back below $75 a barrel following an interim US-Iran peace deal, product prices stayed elevated.

Aramco, which operates refineries along Saudi Arabia’s Red Sea coast, has previously said it was maximizing such fuel exports to take advantage of higher prices and margins.

Those shipments are increasingly at risk as the Houthi militants attack vessels, opening up a new front in the war and threatening millions of barrels of Saudi crude and products. Severe and prolonged disruptions to Red Sea supplies would rock the market further, pushing prices higher as maritime traffic via Hormuz remains severely constrained.