Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Correspondent Sameer Hashmi that even with falling profits, the biggest winner is the saudi government, which is aramcos biggest shareholder. The saudi government owns around 90 of the c
That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone s metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Cor
Thats turned french politics upside down now is the last chance for the two president ial candidates to appeal for voters before the polls open on sunday. Well get the inside track on the last week of the contest and ask how much the winner can achieve when they get into office. No specific question today. Just letters know what you think of the programme. Be nice just use the hashtag bbcbizlive. Hello and welcome to Business Live. The head of the American Investment bank Goldman Sachs, has warned that britains Financial Centre the City Of London will stall when the country leaves the European Union. Lloyd blankfein told the bbc that the bank had Contingency Plans to move staff to mainland europe, depending on the outcome of brexit talks. At the moment Goldman Sachs employ 6,500 people here in the uk. The bank is due to move into a new premises in 2019 as it tries to bring all its london staff into the same building the stakes are high for Goldman Sachs. It has around 3a,000 staff worl
the uk based bank makes much of its profit in china and has been trying to expand there in recent years. the bank has subsquently said that sir sherard cowper coles made the comments at a private roundtable discussion and shared his personal views , and that they do not reflect those of the bank. the company behind the barbie movie says it s taken more than $1bn in ticket sales in its first 17 days. it means greta gerwig has become the first woman to reach the milestone as a solo director. european markets have been tracking asia a bit lower today. there are some concerns over the strength of the us economy and that has done a lot of the markets. that s all from
a shortage of workers to serve them. well, now the country is increasingly looking to asia and its workers to fill the gap, as guy de launey reports. croatia s coast is busier than ever. a record number of visitors arrived in the first half of this year and this summer is set to break all previous records. that s great news for croatia s economy. around a fifth of its gdp comes from tourism. adopting the euro and joining the borderless schengen area seems to be giving it another boost. there s just one problem. finding staff to serve all those sun seekers is becoming a severe issue. there s a real shortage of seasonal workers, both locally and in the traditional recruiting grounds of other former yugoslav countries, so many businesses are starting to look a lot further afield. staff from places like nepal, bangladesh and the philippines