Financial Insights

Saudi Aramco’s third-quarter earnings increase to $30.4 billion

Saudi Aramco, the world’s largest oil company, reported a net profit of $ 30.4 billion on Sunday.

Saudi Arabia’s majority-owned oil giant Aramco said its net profit more than doubled from $ 11.8 billion in the same three months last year.

The previous year’s figures were after a plunge in profits as the global coronavirus blockade pushed down oil prices.

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