Aramco reaped a half-year income of $48.4 billion in profits between April and June this year, compared with $25.5 billion last year. The company enjoyed a similar surge in profits for the first three months. Half-year-earnings reached nearly $88 billion.
Aramco President Amin Nasser said the results reflected "an increasing demand for our products," and predicted that the trend would continue. "In fact, we expect oil demand to continue to grow for the rest of the decade..."