Quartz·2 min read·medium
Saudi Aramco's profit surged as the Iran war sent oil prices soaring
✦AI Summary
Saudi Aramco reported a significant profit of $33.4 billion for the second quarter, exceeding analyst expectations. The surge in earnings was driven by higher oil prices resulting from the ongoing conflict in Iran.
The oil giant posted $33.4 billion in adjusted net income for the second quarter, topping analyst expectations, as crude averaged $108 a barrel
businesseconomy
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