Aramco Reports Record Profit, Injecting Saudi Kingdom With Cash
DUBAI — High crude oil prices send Saudi Arabia billions of dollars in cash, drive record profits for the national oil company, reinvigorate the country’s ambitious economic makeover and bolster its geopolitical power. The giant oil-producing company Aramco, officially Saudi Arabian Oil Co. On Sunday, it said net income rose 90% to $48.4 billion in … Read more
