Aramco's net income of $25.5 billion for the quarter compares to $6.6 billion in the same quarter of 2020. The result beat expectations, with analysts expecting a median net income of $24.
Aramco's net income of $25.5 billion for the quarter compares to $6.6 billion in the same quarter of 2020.
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 billion, as big oil benefits from higher prices and a recovery in worldwide demand.$6.6 billion in the same quarter of 2020 "Our second quarter results reflect a strong rebound in worldwide energy demand and we are heading into the second half of 2021 more resilient and more flexible, as the global recovery gains momentum," Aramco president and CEO Amin Nasser said in a company statement published Sunday.compared to $23.2 billion in the first half of 2020
"While there is still some uncertainty around the challenges posed by Covid-19 variants, we have shown that we can adapt swiftly and effectively to changing market conditions," Nasser said.Aramco said free cash flow was $22.6 billion in the second quarter and $40.9 billion for the first half of 2021, compared to $6.1 billion and $21.1 billion, respectively, for the same periods in 2020.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Saudi Aramco Q2 profit soars on higher prices, demand recoverySaudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.
Leer más »
Saudi Aramco Q2 profit soars on higher prices, demand recoverySaudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.
Leer más »
Berkshire Posts Higher Profit on Railroad, Utilities and Energy OperationsBerkshire Hathaway said second-quarter net earnings rose 7%, helped by its railroad, utilities and energy divisions
Leer más »
Ferrari boss has no fears over electric futureFerrari (RACE.MI), the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the market for high performance cars, its chairman said on Monday.
Leer más »
Bob Odenkirk Gives Brief Recovery Update Post-Heart Attack: “I Am Doing Great”The 'Better Call Saul' actor took to Twitter Friday night to acknowledge his supporters while joking that he's had his very own 'It's a Wonderful Life' week.
Leer más »
Warren Buffett's Berkshire Hathaway recovers from coronavirus slowdownWarren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.
Leer más »