Saudi Arabia’s Aramco profits double due to high oil prices – Roya News English
- Date: 08-Aug-2021
- Source: Roya News
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Arabia’s Aramco profits double due to high oil prices – Roya News English
The profits of the energy giant Saudi Aramco in the second quarter of 2021 returned to pre-Covid-19 levels, doubling nearly four times compared to the same period last year on the back of high oil prices and demand.
"The second quarter reflects very distinguished results for Saudi Aramco based on the strong recovery in global energy demand," Aramco President and Chief Executive Officer Amin Nasser said.
He added that this "promotes Saudi Aramco's entry into the second half of 2021, which is more flexible and able to adapt in light of the wave of global economic recovery."
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