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Oil giant Aramco reports record first quarter as oil prices soar

Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.

The Saudi Arabian behemoth said net income rose 82% to $39.5 billion in the first three months of the year, up from $21.7 billion over the same period last year.

The Aramco results reflect an ongoing momentum in the oil and gas industry, which has benefited from a more-than 45% increase in prices since the start of the year. $Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Camber Energy(CEI.US)$ $Imperial Petroleum(IMPP.US)$ $Crude Oil Futures(MAY4)(CLmain.US)$
Oil giant Aramco reports record first quarter as oil prices soar
Are oil stocKs still undervalued? I've seen some evaluations saying that the prices right now reflects barrel of oil being around $70-80....
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    True and timely
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