Saudi Aramco Q2 profit soars on higher prices, demand recovery ...Egypt

DUBAI, Aug 8 (Reuters) – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. Aramco said its results were supported by the global easing of COVID-19 restrictions, vaccination campaigns, stimulus measures and accelerating economic activity in key markets. Aramco joins other oil majors who have reported strong results in recent weeks. Exxon Mobil (XOM.N) last month said its net income for the second quarter came in at $4.69 billion, or $1.10 per share, compared with a loss of $1.08 billion, or 26 cents per share, a year ago. read more Royal Du

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