Saudi Aramco records profits in the first quarter of this year

The nation press services
2021-05-05 | Since 1 Month

The state-owned Saudi Oil Company, Aramco, announced today, Tuesday, a 30 percent increase in first-quarter profits this year, supported by the strength of the oil market and rising margins for refining and chemicals.

Net profit rose to $ 21.7 billion in the quarter ended March 31, from $ 16.7 billion for the same period a year earlier.

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

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