Saudi Aramco Q3 profits soar 158 percent on higher oil prices

Riyadh, Oct 31 (AFP/APP):Saudi Aramco’s earnings rose 158 percent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said on Sunday.

“The increase in net income was primarily the result of higher crude oil prices and volumes sold,” the Saudi oil giant said in a statement.

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