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Record earnings for Saudi Aramco - Companies

Record earnings for Saudi Aramco – Companies

The state-owned company Saudi Aramco, world number 1 in the oil sector, is largely benefiting from the high prices on the markets. In the second quarter, it achieved record net income, up 90% to $48.4 billion.

The oil giant expects demand to remain strong in the coming decade. “Continuing to invest is essential, both to ensure sufficient production to meet demand and to get in order for the energy transition”, underlined the strong man of the company, Amin Nasser.

Saudi Arabia is also confident that demand will continue to be strong in Asia, its most important market, where it has raised its selling prices to record levels.

Over the first six months of the year, Saudi Aramco earned a net profit of 87.9 billion dollars.

The oil giant expects demand to remain strong in the coming decade. “Continuing to invest is essential, both to ensure sufficient production to meet demand and to get in order for the energy transition”, underlined the strong man of the company, Amin Nasser. Saudi Arabia is also confident that demand will continue to be strong in Asia, its most important market, where it has raised its selling prices to record levels. Over the first six months of the year, Saudi Aramco earned a net profit of 87.9 billion dollars.

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