Saudi Aramco reported a 33 percent increase in second-quarter profit, benefiting from a war-driven surge in oil prices.
Despite disruptions in the Strait of Hormuz that pushed sales volumes lower, the energy giant maintained its exports by utilizing pipelines to bypass the area.
Aramco is the latest in a string of oil supermajors to report bumper quarterly profits. These blowout results come as the war roils markets and elevates fossil fuel prices.