Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production.
Aramco followed big oil rivals reporting a surge in profits. Net income rose to $48.4 billion in the second quarter, up from $25.5 billion a year earlier, the state-controlled company said on Sunday. Profit beat a company compiled analyst estimate of $46.2 billion. Revenue climbed 80% to $150 billion, beating analyst estimates. Its free cash flow rose by 53% from a year earlier to $34.6 billion.
Aramco Profit Surges to Another Record on Bumper Oil Market & Latest News Update
Aramco Profit Surges to Another Record on Bumper Oil Market & More Live News
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Aramco Profit Surges to Another Record on Bumper Oil Market & More News Today
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