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
Alleged assassination plot against president zelenskyy. We begin this hour with a looming deadline for former president donald trump. His legal team has six hours to respond to Special Counsel jack smiths request to limit what trump can say about the ongoing 2020 election interference case. The request for a special order came after the doj said trumps social media posts could, quote, have a harmful, Chilling Effect on witnesses or adversely affect the Fair Administration of justice. The doj cited a post in which the former president wrote, quote, if you go after me, im coming after you. Campaign called the postpolitical speech and said it was meant for the former president s political adversaries, but just this morning, trump put out another set of posts attacking the Special Counsel calling on the judge presiding over the case to recuse yourself and accusing mike pence, former vp of disloyalty. Joining us now nbc news justice and intelligence correspondent, ken dilanian and tali farh