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FinancialNews


  • 09-08-21

    Saudi Arabian Aramco announces 288-percent increase in its net income

    (MENAFN)According to the Saudi Press Agency, a 288-percent improvement in its net income in the second three months of 2021 was proclaimed by Saudi Arabian Oil Company (Aramco).

    Net profits of USD25.5 billion in the stated period was announced by the company's financial results, in comparison to 6.6 billion dollars a year ago.

    The report further declared that and the net income for the first six months of this year stood at 47.2 billion dollars, increased by 103 percent annual.

    The company added that the results were led by higher oil prices and a recovery in worldwide demand, supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures and speeding up activity in key markets.

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