Middle East Conflict Drives Oil Prices Up, Saudi Aramco's Q1 Net Profit Jumps Over 25%
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Saudi Aramco, the state-owned oil company of Saudi Arabia, announced today that its net profit for the first quarter of this year surged by over 25% compared to the same period last year. This increase was driven by higher crude oil sales and rising prices amidst the Middle East conflict, with net profit reaching 120.13 billion Saudi Riyals (approximately NT$1 trillion).