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Tag: ARAMARK Holdings Corp

Oil giant Saudi Aramco beats estimates with 30% hike in 1st-quarter earnings
World

Oil giant Saudi Aramco beats estimates with 30% hike in 1st-quarter earnings

Oil giant Saudi Aramco reported a 30% bounce in internet earnings Tuesday, in a signal of a ongoing recovery from the previous year's oil market crash that saw whole-12 months earnings for the point out business slashed in 50 percent. In a release printed Tuesday, the firm reported web profits rose to $21.7 billion in the first a few months of the year, up from $16.6 billion in the identical period of time previous yr.It defeat some analysts' estimates of $17.24 billion, inspite of reduced oil creation in February and March. The determine nears the firm's net money stage in the to start with quarter of 2019, which was $22.2 billion.The firm stated free hard cash movement in the very first quarter of 2021 was $18.3 billion, up from $15 billion more than the same interval previous 12 month...