Saudi Aramco's profits soar 44 percent as war boosts oil prices

Saudi Aramco's profits soar 44 percent as war boosts oil prices Oil company Saudi Aramco reported a 44 percent surge in net profits on Tuesday, as the war on Iran sent oil prices soaring. Its net income of 122.6 billion Saudi riyals ($32.7 billion) from April to June was up from 85 billion riyals ($22.7 billion) a year prior, a quarterly statement said. Aramco CEO Amin Nasser said there has been no material impact operationally or financially from the targeting of Aramco's facilities earlier in July.