Aramco Profit Surges to Another Record on Bumper Oil Market
- Saudi oil giant posts $48.4 billion in quarterly profit
- Oil producer reports highest profits of any listed company
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Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production.
Aramco followed big oil rivals reporting a surge in profits. Net income rose to $48.4 billion in the second quarter, up from $25.5 billion a year earlier, the state-controlled company said on Sunday. Its free cash flow rose by 53% from a year earlier to $34.6 billion.