RIYADH, May 15 — Energy giant Saudi Aramco posted today an 82 per cent jump in first quarter profits, buoyed by the surge in oil prices that has made it the world’s most valuable company.
Aramco’s net income of US$39.5 billion was up from US$21.7 billion in 2021, “primarily driven by higher crude oil prices and volumes sold, and improved downstream margins,” it said in a press release.
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