{"id":413518,"date":"2021-05-05T09:02:27","date_gmt":"2021-05-05T03:32:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413518"},"modified":"2021-05-05T09:30:17","modified_gmt":"2021-05-05T04:00:17","slug":"saudi-aramco-q1-profits-jump-30-on-oil-market-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-q1-profits-jump-30-on-oil-market-recovery\/","title":{"rendered":"Saudi Aramco Q1 profits jump 30% on oil market recovery"},"content":{"rendered":"<p>Energy giant Saudi Aramco on Tuesday posted a 30 per cent jump in first quarter profits, in a sign of recovery from last year&#8217;s oil market crash fuelled by the coronavirus pandemic. <\/p>\n<p>Aramco said its net profit rose to $21.7 billion in the first three months of the year, compared to $16.7 billion in the same quarter of 2020, owing to a stronger oil market and higher refining and chemicals margins. <\/p>\n<p>The bumper results follow strong profits posted last month by major oil firms &#8212; including France&#8217;s Total, Britain&#8217;s BP and Anglo-Dutch group Shell &#8212; as a recovery in crude prices fuelled their rebound from the pandemic. <\/p>\n<p>&#8220;The momentum provided by the global economic recovery has strengthened energy markets,&#8221; Aramco chief executive Amin Nasser said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy giant Saudi Aramco on Tuesday posted a 30 per cent jump in first quarter profits, in a sign of recovery from last year&#8217;s oil market crash fuelled by the coronavirus pandemic. Aramco said its net profit rose to $21.7 billion in the first three months of the year, compared to $16.7 billion in the same quarter of 2020, owing to a stronger oil market and higher refining and chemicals margins. The bumper results follow strong profits posted last month by major oil firms &#8212; including France&#8217;s Total, Britain&#8217;s BP and Anglo-Dutch group Shell &#8212; as a recovery in crude [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-413518","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=413518"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413518\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}