Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery

Saudi Arabian state oil producer Aramco reported a near four – fold rise in second – quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. Aramco said its results were supported by the global easing of COVID – 19 restrictions, vaccination campaign, stimulus measures and … More Saudi Aramco Q2 Profit Soars On Higher Prices, Demand Recovery

Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites

Saudi Arabia state oil giant Aramco on Sunday reported a 33.4 drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins, as the coronavirus pandemic depressed demand. Net profit fell to 183,76 billion riyals ($49.00 billion) for the year that ended December 31, from 330,69 billion riyals … More Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites

BUSINESS NEWS | Saudi Aramco’s Profit Plunges 73.4%, Sees Signs Of Oil Market Recovery

MILAN | ITALY – Saudi state oil group Aramco on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for 2020 to be at the lower end of a $25 billion to $30 billion range. The world’s biggest oil exporter said the … More BUSINESS NEWS | Saudi Aramco’s Profit Plunges 73.4%, Sees Signs Of Oil Market Recovery