Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge | HappeningNow.news

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Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge

Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ab…

Source OilPrice AI Summary Updated 2h 16m ago
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Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ability to re-route most crude exports more than offset the constrained flows at the Strait of Hormuz. The state giant Aramco on Tuesday reported an adjusted net income of $33.385 billion for the second quarter, up by 33% fr…

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