Aramco announced favorable profits today for the first quarter of 2021. The figures constitute a bounce back for the Saudi state-owned oil producer following financial struggles last year due to the coronavirus pandemic.
Aramco had net income of $21.7 billion during the first three months of 2021 — 30% more than the same period last year. Aramco also paid the state its quarterly divided of $18.8 billion, the company said in a press release.
