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TOP NEWS SUMMARY: Saudi Aramco reports 30% rise in quarterly income Tue, 4th May 2021 10:58 (Alliance News) - The following is a summary of top news stories Tuesday. COMPANIES Saudi Arabian Oil Co said income grew by almost a third in the first quarter of 2021. Aramco, based in Dhahran, said net income was USD21.7 billion for the first quarter of 2021, a 30% increase from USD16.7 billion a year prior, primarily driven by a stronger oil market and higher refining and chemicals margins, partly offset by lower production. Saudi Aramco reported average total hydrocarbon production of 11.5 million barrels per day of oil equivalent in the first quarter of 2021, including 8.6 million barrels per day of crude oil. Cash flow from operating activities and free cash flow was USD26.5 billion and UDS18.3 billion, respectively, in the first quarter, while first quarter capital expenditure stood at USD8.2 billion. The company declared a dividend of USD18.8 billion for the first quarter, to be p

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