The Numbers: Profits that rise and fall with oil prices.Major energy companies have been reporting reduced profits, largely because the price of oil has fallen since last year. In the […]
Nasser, Amin H
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Back to news homeSaudi Aramco’s Profit Jumps 90 Percent on High Oil Prices
Saudi Aramco, the giant oil producer, said on Sunday that its second-quarter profit jumped 90 percent over the same period a year ago, reaching $48.2 billion. It is the latest […]
Saudi Aramco Profits Nearly Triple as Oil Prices Rise
Saudi Aramco, the world’s largest oil company, said Sunday that its profits for the third quarter nearly tripled compared with the period a year earlier, as demand for the fuel […]
As Western Oil Giants Cut Production, State-Owned Companies Step Up
Kuwait announced last month that it planned to invest more than $6 billion in exploration over the next five years to increase production to four million barrels a day, from […]