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Iran Strikes Aramco, Q1 Revenue Up 7%

5/10/2026

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Summary

Story summary

Iranian drone and missile strikes damaged several Saudi Aramco facilities, killing one worker and injuring seven amid the ongoing war.
Saudi Aramco reported first-quarter revenue of $115.49 billion, a 7% increase driven by higher crude, refined and chemical product sales.
The East-West pipeline operated at its 7 million-barrel-per-day capacity, helping offset export constraints after the Strait of Hormuz closure.
Aramco declared a $21 per share base dividend and invested $12.1 billion in capital projects during the quarter.
U.S. President Donald Trump said the ceasefire was holding while negotiations continued, as Brent crude settled around $101 per barrel.

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Story summary

Iranian drone and missile strikes damaged several Saudi Aramco facilities, killing one worker and injuring seven amid the ongoing war.
Saudi Aramco reported first-quarter revenue of $115.49 billion, a 7% increase driven by higher crude, refined and chemical product sales.
The East-West pipeline operated at its 7 million-barrel-per-day capacity, helping offset export constraints after the Strait of Hormuz closure.
Aramco declared a $21 per share base dividend and invested $12.1 billion in capital projects during the quarter.
U.S. President Donald Trump said the ceasefire was holding while negotiations continued, as Brent crude settled around $101 per barrel.