- Net profit rose 35% to $36.25 billion from $26.9 billion year-over-year.
- Aramco attributed the boost to higher crude volumes sold and higher prices of refined and chemical products.
Goldman Sachs kept its buy rating on Saudi Aramco after the energy giant reported a 35% rise in net profit to $36.25 billion, beating expectations. The bank's 34 Saudi riyal price target implies a 30% gain from current levels.
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