EnergyWatch

Earnings soar for Saudi Aramco

The oil price recovery has seen the giant's profit grow by 288 percent.

Photo: Maxim Shemetov/REUTERS / X90156

Saudi Aramco books a profit of USD 25.5bn for the second quarter of 2021, shows the company's interim report published Sunday evening.

That corresponds to a surge by 288 percent compared to the same period of 2020. The oil firm itself explains this advancement by referring to oil prices returning to a more normal level.

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