{"id":446551,"date":"2021-11-01T08:56:41","date_gmt":"2021-11-01T03:26:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446551"},"modified":"2021-11-01T09:12:13","modified_gmt":"2021-11-01T03:42:13","slug":"saudi-aramco-sees-third-quarter-income-rise-to-30-4-bn-on-oil-price-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-sees-third-quarter-income-rise-to-30-4-bn-on-oil-price-surge\/","title":{"rendered":"Saudi Aramco sees third-quarter income rise to $30.4 bn on oil price surge"},"content":{"rendered":"<p>The world&#8217;s largest oil company, Saudi Aramco, reported $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.<\/p>\n<p>Saudi Arabia&#8217;s majority state-owned oil giant Aramco said its net income more than doubled from $11.8 billion during the same three-month period a year earlier. Last year&#8217;s figure came after profits plunged dramatically as global coronavirus lockdowns slammed oil prices.<\/p>\n<p>Aramco CEO Amin Nasser described the company&#8217;s third-quarter results as \u201cexceptional,\u201d a result of \u201cincreased economic activity in key markets and a rebound in energy demand.&#8221; He acknowledged some remaining headwinds for the global economy due to supply chain bottlenecks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world&#8217;s largest oil company, Saudi Aramco, reported $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&#8217;s majority state-owned oil giant Aramco said its net income more than doubled from $11.8 billion during the same three-month period a year earlier. Last year&#8217;s figure came after profits plunged dramatically as global coronavirus lockdowns slammed oil prices. Aramco CEO Amin Nasser described the company&#8217;s third-quarter results as \u201cexceptional,\u201d a result of \u201cincreased economic activity in key markets and a rebound in energy demand.&#8221; He acknowledged [&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":[135,130,169],"tags":[],"class_list":["post-446551","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446551","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=446551"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446551\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}