Saudi Aramco reports 20.6% drop in 2019 profit
Saudi Aramco has seen a 20.6% drop in its net profit for 2019 due to low oil prices and production levels, it says in a statement today. – EPA pic, March 15, 2020.
SAUDI Aramco today reported a 20.6% drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement. The energy giant posted net profits of US$88.2 billion last year compared to US$111.1 billion in 2018, it said in the statement to the Saudi Stock Market. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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