Saudi oil firm Aramco’s first-quarter profits up by 30%
Saudi Aramco said Tuesday it’s profits soared by 30% in the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results come as some of the world’s biggest economies are clawing their way out of recession and easing restrictions amid vaccine rollouts against COVID-19.
The company’s financial results show a net income of $21.7 billion for the first three months of the year, compared to the same period in 2020 when Aramco’s earnings plunged to $16.7…
