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DUBAI, United Arab Emirates: The world’s largest oil firm, Saudi Aramco, reported $30.4 billion in web revenue within the third quarter Sunday, bolstered by a surge in oil costs and restoration in demand because the coronavirus pandemic eases.
Saudi Arabia’s majority state-owned oil large Aramco stated its web revenue rose by 158% from $11.8 billion throughout the identical three-month interval a yr earlier.
The outcomes got here as the worldwide loosening of virus-induced restrictions, tightening of gasoline provides and acceleration of vaccination campaigns have pushed costs of crude sharply larger. The value of worldwide benchmark Brent crude was buying and selling over $83 a barrel on Sunday.
Web revenue refers back to the quantity left after taxes and most popular dividends have been paid.
Saudi Arabia’s majority state-owned oil large Aramco stated its web revenue rose by 158% from $11.8 billion throughout the identical three-month interval a yr earlier.
The outcomes got here as the worldwide loosening of virus-induced restrictions, tightening of gasoline provides and acceleration of vaccination campaigns have pushed costs of crude sharply larger. The value of worldwide benchmark Brent crude was buying and selling over $83 a barrel on Sunday.
Web revenue refers back to the quantity left after taxes and most popular dividends have been paid.
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