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Aramco Reports 2.6x Surge in Q3 Profits

Aramco Reports 2.6x Surge in Q3 Profits

Saudi Aramco reported a Q3 net income of $30.4bn, up 158% YoY and declared a dividend of $18.8bn to be paid in Q4. The sharp rise in net income was “primarily the result of higher crude oil prices and volumes sold and stronger refining and chemicals...
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