Saudi Aramco Q2 profit soars on higher prices, demand recovery By Reuters – Investing.com
- Date: 08-Aug-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Aramco Q2 profit soars on higher prices, demand recovery By Reuters – Investing.com
DUBAI (Reuters) - Saudi Arabian state oil producer Aramco (SE:) on Sunday reported a nearly four-times rise in second-quarter net profit, boosted by higher oil prices and a recovery on oil demand.
Net income rose to 95.47 billion riyals ($25.46 billion) for the quarter to June 30 from 24.62 billion riyals a year earlier.
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