Connect with us

Hi, what are you looking for?


Saudi Aramco stock unbothered despite a hit to profit in Q1

Saudi Aramco, the world’s largest oil company, has reported a 30% drop in its net profit for the first quarter of 2021. Despite this, the company’s stock remains unbothered, with investors showing confidence in the company’s long-term prospects.

The drop in profit can be attributed to lower oil prices and production cuts as a result of the COVID-19 pandemic. However, Saudi Aramco’s CEO, Amin Nasser, remains optimistic about the company’s future, stating that “the momentum provided by the global economic recovery has strengthened energy markets.”

Investors seem to agree, with the company’s stock remaining relatively stable following the announcement of the Q1 results. This is likely due to the fact that Saudi Aramco has a strong track record of profitability and a dominant position in the global oil market.

Furthermore, the company has taken steps to diversify its operations and invest in renewable energy sources, which could provide a buffer against future fluctuations in the oil market.

Overall, while the drop in Q1 profits may be concerning, it is important to consider the long-term prospects of Saudi Aramco. With its strong position in the global oil market and investments in renewable energy, the company is well-positioned to weather any future challenges.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.