Saudi Aramco Q3 profit soars on higher prices, volumes sold

Nikkei Asia | Oct. 31, 2021, 2 a.m. | Original

DUBAI (Reuters) -- Saudi Arabian state oil producer Aramco said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts.

Net income jumped to $30.4 billion for the quarter to Sept. 30 from $11.8 billion a year earlier.

Analysts had expected a net profit of $28.4 billion, according to the mean estimate from four analysts.

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