Saudi Aramco more than doubles annual profit in 2021 on higher oil prices – The National
- Date: 20-Mar-2022
- Source: The National
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Aramco more than doubles annual profit in 2021 on higher oil prices – The National
Saudi Aramco, the world's largest oil-exporting company, said annual net profit more than doubled in 2021, driven by higher oil prices.
Net profit rose to $110 billion in 2021, up from $49bn in 2020, the company said on Sunday in a regulatory filing to the Tadawul stock exchange.
The results beat the average estimate of $106bn by analysts in Refinitiv's Eikon.