Saudi Aramco says first quarter profits rise 82% as oil prices rise

Saudi Aramco posted an 82 percent increase in first-quarter profits on Sunday, supported by a global rise in oil prices that has made it the world’s most valuable company.

The latest financial results were released four days after Aramco dethroned Apple as the world’s most valuable company, with shares worth $2.42 trillion compared to Apple’s $2.37 trillion.

Originally published as Saudi Aramco says first quarter profits rise 82% as oil prices rise

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