Dubai, United Arab Emirates: The world’s largest oil company, Saudi Aramco, reported $ 30.4 billion in a net income on the third quarter Sunday, supported by a surge in oil prices and demand recovery as a coronavirus pandemic coating.
The majority of Saudi majority of Muremitas belonging to Aramco said the net profit rose 158% from $ 11.8 billion over the same three-month period a year earlier.
The results appear as global easing of virus-induced restrictions, tightening gas supply and acceleration of vaccination campaigns has pushed higher crude oil prices.
Brent Crude international benchmark prices traded more than $ 83 per barrel on Sunday.
Net income refers to the remaining amount after the preferred tax and dividend has been paid.