Oil tanks for the Saudi Arabian state-owned oil and gas company Saudi Aramco in the Abyssinian oil field.
Stanislav Krasilnikov | Test by Getty Images
Oil company Saudi Aramco on Tuesday reported a 30% increase in net income, showing signs of a sustained recovery from last year’s oil market crash, with the state-owned company’s full-year earnings falling by half.
The company said in a statement on Tuesday that its net income in the first three months of the year reached .7 21.7 billion.
The kingdom will pay a dividend of .8 1.8.8 billion in the second quarter, according to the UK’s Behemoth oil producer.
This is a breaking news story and will be updated soon.
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