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Saudi Aramco Q2 Profit Soars Nearly 300% to $25.5B

Aug 09, 2021

Saudi Arabian state oil producer Aramco reported a near four-fold rise in second-quarter net profit, beating expectations and boosted by higher oil prices and a recovery in oil demand.Aramco said its results were supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures and accelerating economic activity in key markets.  Aramco joins other oil majors who have reported strong results in recent weeks…

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