Saudi Aramco says Q1 profits jump 82% as oil prices surge

A sign in front of Aramco’s offices in the Saudi capital Riyadh

Saudi Aramco on Sunday posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world’s most valuable company. 

The latest financial results were published four days after Aramco dethroned Apple as the world’s most valuable company, with shares worth $2.42 trillion compared to Apple’s $2.37 trillion.

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