Saudi Aramco Net Profit Rises 35% to $36.25 Billion
Aramco said net profit rose from $26.9 billion in the same period a year earlier. Goldman Sachs retained its buy rating after the earnings beat.
Energy giant Saudi Aramco's earnings beat gave Goldman Sachs conviction to retain its buy rating on the stock. Net profit rose 35% to $36.25 billion from $26.9 billion in the same period a year earlier, Aramco said Tuesday. It attributed the boost to higher crude volumes sold from maintaining consi…