(MENAFN) On Sunday, in line with the firm's economic results the net revenue of Saudi Arabia’s state-owned oil firm rose over 82 percent throughout the January-March period of this year, recording a new three-monthly incomes highest since its first public offering 3 years ago.
In a declaration, Aramco stated that it added USD39.5 billion in the first quarter of 2022, versus USD21.7 billion in the same quarter last year.
The world's biggest oil firm recognized the robust results to greater crude oil costs and volumes sold and upgraded downstream margins.
The price of international main Brent crude climbed to USD139 for each barrel in March, its highest level since 2008.
Aramco’s CEO Amin Nasser was quoted as stated in the announcement “Against the backdrop of increased volatility in global markets, we remain focused on helping meet the world’s demand for energy that is reliable, affordable, and increasingly sustainable.”
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