Saudi Aramco unveils record $48.39B profit in Q2, beats expectations

Net income leapt 90 percent year-on-year for the world’s biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1. Aramco floated 1.7 percent of its shares on the Saudi bourse in December 2019, generating $29.4 billion in the world’s biggest initial public offering. (AA) State oil giant Saudi Aramco has reported a soaring 90 percent rise in…