Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers, APA-Economics reports citing BBC.
The company added that the easing of Covid restrictions, vaccinations, stimulus measures and the return of economic activity have supported results.
Crude oil prices have risen by more than 30% since the start of the year.
Aramco's chief executive also gave an upbeat assessment for the rest of 2021.
The firm, which is the world's biggest oil producer, said net income rose by 288% to $25.5bn (£18.4bn) for the second quarter.
"Our second quarter results reflect a strong rebound in worldwide energy demand and we are heading into the second half of 2021 more resilient and more flexible, as the global recovery gains momentum," Amin Nasser said in a statement.
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