Posted on

Saudi Aramco Almost Triple Profits As Oil Prices Rise

Saudi Aramco, the world’s largest oil company, said on Sunday its third-quarter profits nearly tripled from the previous year as fuel demand recovered from the pandemic and prices rose. Saudi Arabia’s national oil company, Aramco, said in July-September net income rose to $30.4 billion from $11.8 billion a year ago when oil demand collapsed and …

Continue reading “Saudi Aramco Almost Triple Profits As Oil Prices Rise”

Posted on

Saudi Aramco Announces $25 Billion Profit

DUBAI — Saudi Aramco, the world’s largest oil company, reported a nearly four-fold increase in second-quarter net profit on Sunday, supported by higher oil prices and a recovery in oil demand. Aramco said its results, which exceeded analyst estimates, were supported by the global easing of Covid-19 restrictions, vaccination campaigns, stimulus measures and the acceleration …

Continue reading “Saudi Aramco Announces $25 Billion Profit”