Saudi Aramco’s net profit hits $27.27bn in Q1

Saudi Aramco’s net profit hits $27.27bn in Q1

RIYADH: Energy giant Saudi Aramco reported a net profit of $27.27 billion in the first three months of this year, marking a 2.04 percent increase compared to the previous quarter.  

According to the company’s statement, the state-owned oil firm’s total revenue for the the three months to the end of March stood at $107.21 billion, with the total operating income for the period reaching $58.88 billion.   Saudi Aramco’s net profit hits $27.27bn in Q1