{"id":446711,"date":"2021-11-01T10:18:17","date_gmt":"2021-11-01T04:48:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446711"},"modified":"2021-11-01T11:17:12","modified_gmt":"2021-11-01T05:47:12","slug":"saudi-aramco-q3-profits-soar-158-on-higher-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-q3-profits-soar-158-on-higher-oil-prices\/","title":{"rendered":"Saudi Aramco Q3 profits soar 158% on higher oil prices"},"content":{"rendered":"<p>Saudi Aramco&#8217;s earnings rose 158 per cent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said on Sunday. <\/p>\n<p>Aramco&#8217;s profits surge comes as world leaders prepare for the UN&#8217;s COP26 climate summit starting in Glasgow later on Sunday, a key meeting in the battle against global warming. <\/p>\n<p>Aramco&#8217;s net income was $30.4 billion in the third quarter, up from $11.8 billion in Q3 last year, with free cash flow more than doubling to $28.7 billion. Shareholders will receive $18.8 billion in dividends. <\/p>\n<p>The profits are the biggest since Aramco listed on the Saudi stock exchange in December 2019, before suffering a 44.4 per cent slump in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco&#8217;s earnings rose 158 per cent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said on Sunday. Aramco&#8217;s profits surge comes as world leaders prepare for the UN&#8217;s COP26 climate summit starting in Glasgow later on Sunday, a key meeting in the battle against global warming. Aramco&#8217;s net income was $30.4 billion in the third quarter, up from $11.8 billion in Q3 last year, with free cash flow more than doubling to $28.7 billion. Shareholders will receive $18.8 billion in dividends. The profits are the biggest since Aramco listed [&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-446711","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\/446711","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=446711"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446711\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}