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Saudi Aramco followed its Big Oil competitors with windfall profits, boosted by a rebound in oil and chemicals prices.
The world’s largest energy company said net profit of 95.5 billion riyals ($ 25.5 billion) in the second quarter, the highest level since the end of 2018. Free cash flow reached $ 22.6 billion, above the quarterly dividend $ 18.75 billion from the crown corporation for the first time since the start of the Coronavirus pandemic.
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