Iran war boosts profits for Saudi oil giants

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Iran war boosts profits for Saudi oil giants
Photo: Amr Nabil/AP/TT

The result comes after the Iran war caused oil and gas prices to rise sharply, while global markets remain uncertain about how the conflict will develop.

The company, which is largely owned by the Saudi state, said in a statement published on the Saudi stock exchange's website that "the increase in revenue is primarily due to higher prices and sales volumes of refined products and chemical products, as well as higher volumes and higher prices of crude oil."

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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