Saudi Aramco says Q1 profits jump 82% as oil prices surge
Riyadh (AFP) May 15, 2022
Saudi Aramco on Sunday posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world's most valuable company. The announcement continued a string of recent positive economic news for Saudi Arabia, where a booming oil sector is fuelling the fastest growth rate in a decade. Aramco's net income of $39.5 billion was up from $21.7 billio
