Saudi Aramco Follows Big Oil Rivals With Profit Surge - Bloomberg

Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.

The world’s biggest energy company made net profit of 95.5 billion riyals ($25.5 billion) in the second quarter, the highest level since the end of 2018. Free cash flow rose to $22.6 billion, above the state-controlled firm’s quarterly dividend of $18.8 billion for the first time since the start of the coronavirus pandemic.

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Saudi Aramco Follows Big Oil Rivals With Profit Surge - Bloomberg
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