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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 ....
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 ....
Gentleman and also the first lady, the president will lay and out his agenda to those lawmakers and to you, the American People. Congressional correspondentd th American People. Aisha hosny is standing by withs a preview of the republican response. But we begin standin with housee house correspondent Jackie Heinrich and a preview of the president s speech tonight. Jacqui good evening, jackie. D good evening, martin. Resident good evening, bret. Well, President Biden directly a assail republicans tonight. Officials have sent ousst memos hitting republicans forro everything from trump tax cuts ,adding to the deficit to proposals for National Abortion bans. Deficit, and also plans to cut social ban security ....
gentleman and also the first lady, the president will lay and out his agenda to those lawmakers and to you, the american people. congressional correspondentd th american people. aisha hosny is standing by withs a preview of the republican response. but we begin standin with housee house correspondent jackie heinrich and a preview of the president s speech tonight. jacqui good evening, jackie .d good evening, martin.resident good evening, bret. well, president biden directly a assail republicans tonight. officials have sent ousst memos hitting republicans forro everything from trump tax cuts ,adding to the deficit to proposals for national abortion bans. deficit, and also plans to cut social ban security and medicare. wes an this speech is widely vid as an anchor to a anchor t 2024 announcement, but it s not supposed to look like a campaign speech. so the president will instealo d frame his achievementsai as progress made against allns odds that needs to be protected and ....
cnn white house correspondent arlette saenz joins us now, so, arlette, the president has not announced that he s running for election. but there s some expectation that this speech is going to have the tone of a campaign speech. reporter: well, victor, take a look at where president biden decided to unveil this election, that s in the battle ground state of pennsylvania which would be critical to the upcoming election look, the presidential advisers are aware that the budget as proposed is unlikely to go anywhere up on capitol hill. but it does offer the president an opportunity to really lay out what s at stake for both the policy and political battles ahead, especially when you think of the fight, the looming fight, over the debt ceiling expected to play out over the coming month. the omb director shalanda young calls it a healthy start to the conversation. and ultimately, it lays out what president biden values. taking a look at what this budget entails. the presid ....