Saudi Aramco Q2 profits nearly quadruple compared to 2020 ...Kuwait

Energy giant Saudi Aramco said on Sunday its second quarter profits for 2021 had nearly quadrupled compared to the same period last year on the back of higher oil prices. Aramco said its net profit rose to $25.5 billion in the second quarter of the year, compared to $6.6 billion in the same quarter of 2020, owing to a stronger oil market and higher refining and chemicals margins, and with the easing of Covid-19 restrictions. "Our second quarter results reflect a strong rebound in worldwide energy demand and we are heading into the second half of 2021 more resilient and more flexible, as the global recovery gains momentum," Aramco chief executive Amin Nasser said in a

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