Connect with us

Hi, what are you looking for?


Saudi Aramco Q1 profit rises 30 percent on stronger oil market

Saudi Arabian state oil producer Aramco on Tuesday reported a 30 percent rise in first-quarter net profit boosted by a stronger oil market and higher refining and chemicals margins.

Net income rose to $21.7 billion for the quarter to March 31 from $16.7 billion a year earlier.

Analysts had expected a net profit of $19.48 billion, according to the mean estimate from five analysts.

Next articles

Saudi Crown Prince Mohammed bin Salman gives TV interview on Vision 2030 progress

Oman’s public revenues drop 31 percent in Q1 on COVID-19, lower oil price

Major Chinese investors in talks to take Aramco stake: Reuters



You May Also Like


Sitting by herself at the funeral of Prince Philip on Saturday, Queen Elizabeth cut a regal, but solitary figure: still the monarch, but now...


Germany’s vaccine commission, known as STIKO, recommended on Thursday that people under 60-years old who have had a first shot of AstraZeneca’s COVID-19 vaccine...


United Arab Emirates power producer Abu Dhabi National Energy Co. (TAQA) announced on Wednesday plans to increase its renewable energyassets, in a shift away...


Activists opposed to Myanmar’s junta called on Monday for people to stop paying electricity bills and agricultural loans, and keep their children away from...