Oil giant Saudi Aramco reports 30% growth in net income

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Oil giant Saudi Aramco reports 30% growth in net income

timestampMay 04, 2021 authorAlShorts Web Desk

Saudi Aramco reported a 30% jump in net income in the first quarter of 2021 following recovery in global oil and gas markets. The net income rose to USD21.7 billion in first three months of year, up from USD16.6 billion in same period last year. The boost helped the state-owned company to maintain its dividend, with USD18.8 billion due to be paid out in first and second quarter.

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