DUBAI Reuters – Stateowned oil producer Saudi Aramco on Sunday reported an almost 82 rise in firstquarter net income, broadly in line with analyst forecasts, helped by strong oil prices.
Aramco, which is at par with Apple Inc as the worlds most valuable companies, reported a net income of 39.5 billion for the quarter to March 31 from 21.7 billion a year earlier.
The worlds top oil exporter was forecast to post a net income of 38.5 billion, according to a median estimate from 12 analysts provided by the company.