Oil giant Saudi Aramco beats estimates with 30% hike in first-quarter profit

Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash that saw full-year earnings for the state firm slashed in half. In a release published Tuesday, the company said net income rose to $21.7 billion in the first three… Continue reading Oil giant Saudi Aramco beats estimates with 30% hike in first-quarter profit