Aramco’s downstream business consumes 43.8% of its crude production Total Q1 hydrocarbon production averages 11.5 million boe/d Q1 profit rises 30.3% on year to $21.72 billion Dubai — Saudi Aramco’s crude production averaged 8.6 million b/d in the first quarter, down 12.2% from 9.8 million b/d in Q1 2020 due to OPEC+ production cuts and dwindling demand due to the pandemic, the company said in its quarterly financial results May 4. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Aramco’s total hydrocarbon production averaged at 11.5 million boe/d in Q1. The company’s downstream business consumed 43.8% of Aramco’s crude oil production in Q1, up from 35.5% in the same period a year earlier. Net profit rose 30.3% year on year to SAR 81.44 billion ($21.72 billion) in Q1, driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly […]