RIYADH: Saudi Aramco’s profit has surged 90 percent in the second quarter of 2022, beating the median of analysts’ forecasts with the highest quarterly profit since going public in 2019. The oil giant was expected to report $46.2 billion in net income based on 15 analyst forecasts. Profits of “the most profitable oil company in the world” hit SR182 billion ($48.4 billion)
RIYADH: The Saudi Arabian Oil Co., also known as Aramco, is ready to increase oil production to 12 million barrels per day when the government asks for it, according to its CEO Amin Nasser. In a press conference after reporting a 90-percent rise in second-quarter profit on Sunday, Nasser said that oil demand growth is healthy with more demand coming from Asia. The CEO said
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