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Saudi Aramco Q1 profit rose 30% on stronger oil market

imageCommodities11 minutes ago (May 04, 2021 02:40AM ET)

(C) Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq

DUBAI (Reuters) – Saudi Arabian state oil producer Aramco (SE:2222) on Tuesday reported a 30% rise in first-quarter net profit boosted by a stronger oil market and higher refining and chemicals margins.

Net income rose to $21.7 billion for the quarter to March 31 from $16.7 billion a year earlier.

Analysts had expected a net profit of $19.48 billion, according to the mean estimate from five analysts.

Saudi Aramco Q1 profit rose 30% on stronger oil market

Infineon raises revenue, margin guidance on chip boom

Infineon raises revenue, margin guidance on chip boom
By Reuters – May 04, 2021

BERLIN (Reuters) -German chipmaker Infineon (OTC:IFNNY) raised its guidance on Tuesday for revenue and margins in the current fiscal year, saying that demand was greatly exceeding…

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