Saudi Aramco posts strong financial, operational results: Nasser

Amin Nasser, President & CEO of Saudi Aramco

Saudi Aramco reported strong financial and operational results for the first quarter of 2021, President & CEO Amin Nasser said, commenting on the company’s performance.

Saudi Aramco’s portfolio optimization program continues to identify value creation opportunities.

“Given the positive signs for energy demand in 2021, there are more reasons to be optimistic that better days are coming. And while some headwinds still remain, we are well-positioned to meet the world’s growing energy needs as economies start to recover.”

Commenting on 'Shareek' program, Nasser said: “We also expect Saudi Arabia’s newly-launched 'Shareek' program to present growth opportunities, through incentives which encourage partnerships and investment.”

Aramco posted a 24% growth in net profit attributable to shareholders to SAR 78.59 billion for the first quarter of 2021, compared to a net profit of SAR 63.53 billion in the year-earlier period.