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Saudi Aramco posts 39pc jump in Q3 profits


By AFP
Published : 01 Nov 2022 08:23 PM

Saudi Aramco on Tuesday announced a 39 percent increase in third-quarter profits, the latest financial results boosted by higher oil prices resulting largely from Russia's invasion of Ukraine.

The energy giant's net income totalled $42.4 billion, up from $30.4 billion during the same period last year, and was "primarily driven by higher crude oil prices and volumes sold", it said in a filing with the Saudi stock exchange.