Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices - The Wall Street Journal

The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia’s invasion of Ukraine.

DUBAISaudi Arabias national oil company said Sunday that its net income rose more than 80% to record highs in the first quarter of the year, a surge that shows how some of the worlds biggest state-ow… [+486 chars]

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