Salem Radio Network News Thursday, June 17, 2021


Saudi Aramco Q1 profit rose 30% on stronger oil market

DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday reported a 30% rise in first-quarter net profit boosted by a stronger oil market and higher refining and chemicals margins.

Net income rose to $21.7 billion for the quarter to March 31 from $16.7 billion a year earlier.

Analysts had expected a net profit of $19.48 billion, according to the mean estimate from five analysts.

(Reporting by Hadeel Al Sayegh, Alexander Cornwell, Saeed Azhar; editing by Jason Neely)


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