Saudi Aramco’s first quarter revenue elevated 30% on stronger oil market By Reuters

© Reuters. FILE PHOTO: A view exhibits branded oil tanks on the Saudi Aramco oil facility in Abqaiq

DUBAI (Reuters) – Saudi state oil producer Aramco (SE 🙂 on Tuesday reported a 30% enhance in first-quarter internet revenue on Tuesday, boosted by a stronger oil market and better refining and product margins chemical.

Internet revenue rose to $ 21.7 billion for the quarter as at March 31, from $ 16.7 billion a 12 months earlier.

Analysts had anticipated internet revenue of $ 19.48 billion, in keeping with the typical estimate of 5 analysts.

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