RIYADH: Saudi Aramco’s shares rose to a record after the oil giant’s earnings more than doubled from a year ago.
Third-quarter net profit climbed to 114 billion riyals (US$30.4bil or RM126bil), beating analysts’ estimates slightly, as crude prices and the company’s production increased. Free cash flow was US$28.7bil (RM119bil), easily covering the quarterly dividend of US$18.8bil (RM78bil).
