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Saudi Aramco Profits Down 23% On Lower Oil Prices, Cuts menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Energy giant Saudi Aramco announced Tuesday a 23% year-over-year drop in profits for the third quarter, resulting from lower oil prices and production. ....
RIYADH Energy giant Saudi Aramco on Tuesday posted a 23 per cent year-on-year drop in profits for the third quarter, the result of lower oil prices and production cuts. The drop from $42.43 billion last year to $32.58 billion "principally reflects the impact of lower crude oil prices and volumes sold", the firm said in a statement to the Saudi stock exchange.It follows a ....