Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of year
Saudi Arabia’s state oil company reported a 26% jump in profits in its first quarter as its east-west pipeline allowed it to ship millions of barrels of oil out of the Gulf despite conflict in the Middle East.
Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5bn.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Lauren Almeida.
Read original article on The Guardian