Saudi Aramco's debt-to-equity ratio more than doubles in 2020

Saudi Arabian oil giant Aramco's net debt-to-equity ratio more than doubled to 55% in 2020 from 26% a year earlier, the company said in a financial results report.

Net debt rose to 605.9 billion riyals ($161.56 billion) last year from 270.2 billion riyals in 2019, the results showed.