RIYADH: Saudi Aramco’s shares ended 3.4 percent higher on Sunday after reporting bumper profits and dividends for 2021.
The company’s share price closed the session at SR43.45 ($11.53), compared to the previous close of SR41.85.
With the latest share hike, the market cap of the oil giant – which holds the second largest market value globally after tech major Apple Inc. – approached $2.31 trillion.
Earlier, profits of what was said to be “the most profitable oil company in the world” hit SR412 billion, compared to SR183 billion a year earlier, Aramco revealed in a bourse filing.
While the company kept annual dividends unchanged from a year earlier at $75 billion, it said it will grant bonus shares valued at $4 billion to shareholders.
The oil giant benefited from rising oil prices which continued to soar to date and traded this year at levels not seen since 2014.