Saudi Aramco's net profit soars 2.6 times in 3Q2021

Saudi Aramco's net profit soars 2.6 times in 3Q2021 The net profit of the Saudi Arabian Oil Company (Saudi Aramco) in the third quarter of 2021 was $30.4 billion, up from $ 11.8 billion a year earlier.
Business
October 31, 2021 13:18
Saudi Aramco's net profit soars 2.6 times in 3Q2021

The net profit of the Saudi Arabian Oil Company (Saudi Aramco) in the third quarter of 2021 was $30.4 billion, up from $ 11.8 billion a year earlier. Thus, the increase was 158% or 2.6 times, Report informs, citing the company.

The increase in profits is directly related to the rise in oil prices. The company will give $18.8 billion in dividends to shareholders for the third quarter of 2021.

Saudi Aramco's free cash flow during the reporting period tripled year-on-year to $28.7 billion.

Aramco said its total hydrocarbon production was the equivalent of 12.9 million barrels a day, including 9.5 million barrels of crude.

Latest news

Orphus sistemi