oil giant Aramco has announced a 15% fall in profits

The Saudi oil giant Aramco announced on Tuesday a 15% drop in profit compared to the same period last year, due to low oil prices.

The drop, from $32.58 billion last year to $27.56 billion this year, “primarily reflects the impact of lower crude oil sales volumes and weaker refining margins”said the company in a statement to the Saudi Stock Exchange.

source

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top