Saudi Aramco sees third-quarter income rise to USD 30.4 billion

The world’s largest oil company, Saudi Aramco, reported USD 30.4 billion in third-quarter net income on Sunday, bolstered by a surge in oil prices and recovery in demand as the coronavirus pandemic eases.

Saudi Arabia’s majority state-owned oil giant Aramco, formally known as the Saudi Arabian Oil Co., said its net income more than doubled from USD 11.8 billion during the same three-month period a year earlier.