HomeBusinessHigher prices boost Saudi Aramco's quarterly profit 39%.

Higher prices boost Saudi Aramco’s quarterly profit 39%.

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  • Saudi Aramco’s third-quarter net income rose 39% due to increased crude prices and tighter global supply.
  • Net income for the quarter was $42.4 billion, up from $30.4 billion last year and beyond estimates.
  • The Saudi corporation paid out its second-quarter dividend of $18.8 billion and increased its free cash flow to a record $45 billion from $28.7 billion a year earlier.

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