Saudi Aramco reported a 33% increase in second-quarter profit as it benefited from a war-driven surge in oil prices, while keeping exports flowing through a pipeline that bypasses the Strait of Hormuz. Adjusted net income rose to $33.4 billion, from $25.2 billion a year earlier, according to a statement Tuesday. That beat analysts’ profit estimates of $31.1 billion compiled by Bloomberg #oott bloomberg.com/news/articles/…

Saudi Aramco reported a 33% increase in second-quarter profit as it benefited from a war-driven surge in oil prices, while keeping exports flowing through a pipeline that bypasses the Strait of Hormuz. Adjusted net income rose to $33.4 billion, from $25.2 billion a year earlier, according to a statement Tuesday. That beat analysts’ profit estimates of $31.1 billion compiled by Bloomberg #oott bloomberg.com/news/articles/…

Source:https://x.com/staunovo/status/2084526814815256988