Saudi Aramco Registers 82% Rise In Quarterly Profits, Thrust By A Rise In Demand And Higher Crude Prices
Oil giant Saudi Aramco, formerly known as Saudi Arabian Oil Co., said Sunday its profits zoomed more than 80% in the year’s first quarter. Last week, the company overtook technology giant Apple to become the world’s most valuable company. Aramco said it would pay an $18.8bn (£15.3bn) dividend and hand $4bn (£3.2bn) in bonus shares […]