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Saudi oil giant Aramco sees profits soar by almost 300%

Saudi oil giant Aramco sees profits soar by almost 300%

本帖最後由 geemong 於 2021-8-10 17:02 編輯

Saudi oil giant Aramco sees profits soar by almost 300%



Saudi Arabian energy giant Aramco has seen its profits jump almost four times, boosted
by a rise in oil prices as demand recovers.

The company added that the easing of Covid restrictions, vaccinations, stimulus measures
and the return of economic activity had supported results.

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Crude oil prices have risen by more than 30% since the start of the year.

Aramco's chief executive also gave an upbeat assessment for the rest of 2021.

The firm, which is the world's biggest oil producer, said net income rose by 288% to
$25.5bn (£18.4bn) for the second quarter.

"Our second-quarter results reflect a strong rebound in worldwide energy demand and
we are heading into the second half of 2021 more resilient and more flexible, as the global
recovery gains momentum," Amin Nasser said in a statement.

However, the rise in profits was not welcomed by campaigners against climate change,
who have described Aramco as the world's largest corporate greenhouse gas emitter.

According to some estimates, it is responsible for more than 4% of the world's greenhouse
gas emissions since 1965.

On Monday, the United Nations Intergovernmental Panel on Climate Change said in
a major report that human activity was changing the climate in unprecedented and
sometimes irreversible ways.

The head of the UN, Secretary General António Guterres, said the report "is a code red
for humanity".

Among those reacting to the report was Nafkote Dabi of Oxfam, who said it provided
"the most compelling wake-up call yet for global industry to switch from oil, gas and coal
to renewables".
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