Skip to content

Aramco Profit Surges to Another Record on Bumper Oil Market

  • Saudi oil giant posts $48.4 billion in quarterly profit
  • Oil producer reports highest profits of any listed company
Video player cover image
WATCH: Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally. Su Keenan reports.Source: Bloomberg
Updated on

Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production.

Aramco followed big oil rivals reporting a surge in profits. Net income rose to $48.4 billion in the second quarter, up from $25.5 billion a year earlier, the state-controlled company said on Sunday. Its free cash flow rose by 53% from a year earlier to $34.6 billion.